Foreclosure Home Loans

I just went through foreclosure and owes money to a second mortgage and some credit cards, amounting to $ 80,000

I am planning to go to bankruptcy. My question is this, how long it will stay in a bankrupty my credit report and also foreclosure will be shown on my credit report after bankruptcy?

Rob, a bankruptcy is going to look much worse in his report then foreclosure. So their credit is going to really suck now. Foreclosures stay on for seven years, BK, 10. The bankruptcy will erase debt foreclosure in his report, which will have a very small impact on your score. But the face …. you'll have a difficult time for a couple of years. You can not escape it. But in the good side you will at lease debt was wiped clean, and you can begin to rebuild their lives. Go to http://www.lifeafterbankruptcy.com and spend some time through their newsletters and the rest of the site. Yes, this is a site that tries to sell some things, but is loaded with lots of free information on how to rebuild your credit after bankruptcy. I am not associated with this or any other links I post. This is not spam. I put it because it has great information. Good luck to you.

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