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how long is a foreclosure on record

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a bank said it would take 3 years to clear and not reflect on my credit record. is this true.

Asked by cOmE725HeRe52311 3 months ago Flag this Question

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3 years is the amount of time before you can even try to apply for a FHA loan for a house but typically this things stay on your credit report for 7-10 years

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jrhenry11 3 months ago

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This is what I have heard also.  Unfortunately.  But with the housing market being so bad, I'm hopeful FHA will cut some slack.

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jc4christ00 3 months ago

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