Foreclosure is public record. You will take a hit of 200 to 300 points, depending on overall condition of credit. This means if you have a FICO score before foreclosure was 680, it could dip as low as 380. A foreclosure will be on your credit report for 7 years. Please seek tax and legal advice.

*This should not be construed as legal advice. I am not an attorney.


Alicia L. Naiman
CA Realtor®, CA Real Estate Appraiser
Specializing in Sacramento, Placer and El Dorado counties
http://www.SacramentoRealEstateSearch.com