What are the credit implications of foreclosure and for how long?
Written on March 12, 2010
We live in Hawaii and our mortgage has become unmanageable. We just found out our house is worth 64k less than we owe. We have good credit though are overextended because of mortgage. No defaults and one 30 day late pay. We want to sell but do not have the credit left to get a 64k loan to pay off the rest of the loan. We desperately do not want to go into foreclosure. Any options anyone is aware of?
Related posts:
- In what kinds of ways does a foreclosure affect your credit?
- What will be the difference between buying a foreclosure vs. a low priced realtor listed home?
- How fast can I make my mortgage company foreclosure on my house?
- What is the best way to restore your credit after a foreclosure or bankruptcy?
- How can you remove a foreclosure from your credit?
Filed in: Foreclosure Help.