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I really believe that a foreclosed can have a significant effect on the client's life.
Home foreclosures can have a 6 to few years
negative effect on a applicant's credit report. The
borrower who have applied for a home loan or virtually any loans even, knows that your
worse credit rating can b, the more tricky it is to have a decent mortgage loan. In addition, it might affect a borrower's chance to find a respectable place to lease or hire, if that becomes the alternative property solution.
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