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Greg Stange
"Top 4% Worldwide"
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Greg Stange answered:
Foreclosure ruins your credit history for seven years. Although it does not stay in your credit history forever, but it will lower your credit score and it will take some time for you to re-establish it. As we know having low credit score guarantees that you get higher interest rates on loans, credit cards and etc. They say if your credit score is below 600 you pay 3% higher rates comparing to somebody with credit score above 700. You could get denied also...
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MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.
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