Re: house auctioned off today


Posted by Jim V on January 28, 2009 at 00:22:40:
In Reply to: house auctioned off today
Posted by allie on January 27, 2009 at 17:26:03:allie,

Thanks for sharing. Just a note, your credit won't be toast for 7 years. Foreclosures are reported for 7 years, but you can purchase real estate in 3-4 years, other credit impacts will be as little as two years. Additional hoops to jump through for a real estate purchase, but I'm guessing it's going to be a real common scenario in the near future.


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