Posted on Mar 21, 2019

Dependable Homebuyers

Why Should I Sell My Home While It’s in Foreclosure?

Foreclosure will have disastrous consequences for your credit. Having a house foreclosed upon is comparable to bankruptcy in the amount of long-term damage done to your credit. While it isn’t ideal to have to move out of the house you currently have, it will be next to impossible for you to get financing for a new house—and maybe even to pass a credit check by a landlord if you’re trying to rent an apartment instead—if the foreclosure goes through.

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Dependable Homebuyers
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