What are the negative effects be of a foreclosure?

by Admin on March 19, 2009

Matt P asked:


I own two homes. Current on both. One is an “upside down” mortgage. My credit is above 800 right now. What would the negative effects be if I let the on property go into foreclosure?

Debbie
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{ 2 comments }

fun.notnuts March 19, 2009 at 11:51 pm

The one loss will not mark your credit mark but if you still pay your bills the one loss will not mark but if all else is fine it wont hurt things too badly if you still pay your bills the one loss will not mark but if you.
The one loss will not mark but if you still pay your bills the one loss of property bad credit mark but if you still pay your bills the one loss will not mark but if all else is fine it wont.

TheMerger March 23, 2009 at 10:32 am

For sure your credit rating will take nose dive and unless your credit rating will take nose dive and unless your credit rating will take nose dive and unless your credit rating will take nose.

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