#1 - The homeowner will always have to disclose their foreclosure on future mortgage applications.
#2 - The homeowners credit scores will be lowered by 300+ points thus affecting their ability to get a car, apartment, credit cards, etc.
#3 - A foreclosure is the one credit report item that is very difficult, if not almost impossible, to be “repaired”.
#4 - Government clearance checks may be at risk for the homeowner.
#5 - Employment credit checks may cost the homeowner future employment!
As a Certified Distressed Property Expert, The Wickland Group can assist you in the best way to avoid foreclosure for YOUR family. Contact us today for your complimentary home evaluation and advice on avoiding foreclosure for your family!