5 Reasons to Avoid Foreclosure

1. The homeowner will always have to disclose they have had a foreclosure on any mortgage application.

2. Credit scores will be lowered by 300+ points affecting the ability to get a car, apartment, credit cards, etc.

3. A foreclosure is the one credit report item that is almost impossible to repair.

4. Military and government security clearance could be at risk with foreclosure.

5. Many employers run credit checks on prospective employees and foreclosure is one of the top items that jeopardize employment

Consult an Expert

Yvonne Russell
Realtor
(915) 873-8646