Re: Question

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Posted by HousesPlus.com on September 13, 2003 at 13:16:16:

In Reply to: Question posted by Scott Ward on August 26, 2003 at 02:37:11:

Foreclosure redeemed means that the sale happened, but the owner redeemed before the property went back to the bank. This could mean they sold it before the redemption period was up, or refinanced and redeemed themselves.

As for how it affects you, I'm sure it's not good, but only the "credit gods" know what it does to your actual score. It will appear for 7-10 years on the report. Better than a foreclosure, worse than a late payment.

Hope that helps...

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: Foreclosure redeemed means that the sale happened, but the owner redeemed before the property went back to the bank.  This could mean they sold it before the redemption period was up, or refinanced and redeemed themselves.





: As for how it affects you, I'm sure it's not good, but only the "credit gods" know what it does to your actual score.  It will appear for 7-10 years on the report. Better than a foreclosure, worse than a late payment.





: Hope that helps...








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