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Current Foreclosure Discussion Foreclosures Discussion Archive 16



Re: recovering after foreclosure


Posted by NJDave on February 21, 2006 at 13:26:10:

In Reply to: Re: recovering after foreclosure posted by Barbara on February 21, 2006 at 09:25:36:

Your situation is/was atypical. Not many folks could sock away $20,000(?) or $30,000(?) in six short months for a downpayment. Most folks who lost their home to foreclosure lost their savings, and and their source of income. Most folks lucky enough to find new employment took jobs that offered lower pay....

For most, the process requires a conscientious effort to rebuild their credit and save their pennies.

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