5 Reasons to Avoid Foreclosure at all costs! - How bad is a Foreclosure?

5 Reasons to Avoid Foreclosure at all costs!

1) Unlike most negative credit items, having a foreclosure on your credit report is virtually impossible to “repair”

2) A homeowner will always have to disclose that they went through foreclosure on all future mortgage loan applications affecting future financing rates and program availability.

3) Major decrease on your credit report affecting a persons ability to get to get a car, personal loans, or credit cards.

4) When filling out rental applications you must disclose that you have went through foreclosure, greatly reducing the number of apartments available for rent.

5) Many Employers run credit checks when applying for a job, foreclosure is one of the main items putting potential new hires in jeopardy of not getting a job.

To your success,

Preston Matix

Real Estate Investor

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