How a Foreclosure will affect Your Credit Score
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I let got of my severely underwater house. It was foreclosed upon last year. I have no other loans and less than $600 in c/c debt. All other bills are paid on time. House was bought back so no deficiency judgment. I checked my FICO on Credit Karma just today and it was 728/850 (GOOD). So the "foreclosure will severely damage your credit" rhetoric is the banks just trying to scare you. At least in my situation.
RayAir1 1 month ago
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TheJPerez03 10 months ago