Foreclosure Effect On Credit | Foreclosure Black-List You From Ever Owning Again?

Freddie Mac has released a series of (excellent) videos designed to de-bunk the top Foreclosure Myths.

Myth 1:If my house is foreclosed,I can never buy a house again — the foreclosure will stay on my record forever.

Truth 1:Foreclosure can have a devastating effect on your finances and you personally,but you can recover. Use the time after foreclosure to prepare yourself for successful homeownership the second time around by creating a spending and savings plan and rebuilding your credit.

 

Watch This Video:

 

Myth# 1 Facts About Foreclosure
Foreclosure Effect On Credit | Foreclosure Black-List You From Ever Owning Again?

 

 

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