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In my opinion that a property foreclosure can have a important effect on the client’s life. Foreclosures can have a 6 to 10 years negative relation to a borrower’s credit report. A borrower who have applied for home financing or almost any loans even, knows that the worse credit rating is actually, the more challenging it is to acquire a decent mortgage loan. In addition, it may affect the borrower’s ability to find a reasonable place to let or hire, if that results in being the alternative housing solution. Good blog post.
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