• ¡Welcome to Lending Network!
  • America's Fastest Growing Loan Scenario Online Forum
Hello There, Guest! Login RegisterLogin with Google+

Welcome to Lending Network! America's Number One Loan Scenario Help Center For The Public Join Our Lending Network Online Community Forum And Ask Your Loan Case Scenarios To Our Moderators & Real Estate Professionals.
It takes seconds to become a member. Lending Network was created and launched as a mortgage, real estate, and credit information center for the general public to utilize it as a loan scenario help desk online community forum.

Thread Rating:
  • 1 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Foreclosure Process
The foreclosure process is a long time consuming process. If you can no longer afford to live in your home and any workouts with your mortgage lender has failed and a foreclosure is imminent, you may want to consider going through a short sale with the mortgage lender approval or a deed in lieu of foreclosure. Foreclosure process can take many months if not years to finalize. Here is a detailed article on the foreclosure process that might help:


A recent foreclosure can plummet your credit scores by almost 200 FICO points. However, the credit score drop is a temporary setback and your credit scores will slowly but eventually go back up. Re-establishing your credit is extremely important if you want to qualify for a mortgage loan after foreclosure. The fastest, easiest, and quickest way of boosting up your credit scores and re-establishing your credit after a foreclosure is by getting 3 to 5 secured credit cards. Here is an article that might help you on re-establishing your credit after foreclosure.



Forum Jump:

Browsing: 1 Guest(s)