Curious about foreclosures? Here’s what you need to know: - A foreclosure is when a lender takes back a property due to unpaid mortgage. - It starts after missed payments, leading to legal action. - There are judicial and non-judicial types. - Consequences include credit score damage. - Avoiding foreclosure is possible with options like loan modification. If you're navigating the real estate landscape, let's connect and explore your options together! 🏡✨ #Foreclosure #RealEstate #HomeOwnership #
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Recovering from foreclosure? Use credit cards responsibly, pay bills on time, and monitor your credit report. Credit repair services can help remove negative items. United Housing Inc. offers home buyer education, and the Fair Housing Alliance helps with predatory lending. #CreditRepair #ForeclosureHelp #CreditCards #FinancialLiteracy #HomeBuying | Notes Brokers | Facebook
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Foreclosure doesn’t just take a home. It can crush your credit for years. Here’s what most people don’t realize: • It usually starts with 30/60/90-day mortgage lates. • Each late can drop your score fast. • Then the foreclosure hits your report as a major negative item. • That damage can stick around up to 7 years. • Future loans, rentals, and rates get harder and more expensive. | Kevin The Credit Guy
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