5 Reasons to Avoid Foreclosure

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

• Credit scores can be lowered by 300+ points.  This can affect the ability to get any kind of credit (a car loan, apartment, credit cards, etc.)

• A foreclosure is almost impossible to be "repaired" on a credit report.

• A foreclosure may potentially put a new hire in jeopardy.  An employer can run a credit check on prospective employees and current employees at any time.

• Security clearance could be at risk when faced with a foreclosure.