Will foreclosing on my home mortgage that was already defaulted on seven years in chapter 7 bankruptcy negatively affect my credit? 6 Answers as of August 22, 2017

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A Fresh Start
A Fresh Start | Dorothy G Bunce
It may not show up on your consumer credit report, but every mortgage lender will be aware that you went into foreclosure.
Answer Applies to: Nevada
Replied: 8/22/2017
Ronald K. Nims LLC | Ronald K. Nims
No, the default is already on your credit.
Answer Applies to: Ohio
Replied: 8/21/2017
Garner Law Office
Garner Law Office | Daniel Garner
Yes, a foreclosure is another big hit on your credit score. You should try to voluntarily surrender the house to the lender or help them to sell it. Some lenders offer cash incentives for working with them. It will be much better for your credit than a foreclosure.
Answer Applies to: Oregon
Replied: 8/21/2017
CARL C SILVER ATTORNEY AT LAW
CARL C SILVER ATTORNEY AT LAW | Carl C Silver
Probably will.
Answer Applies to: Michigan
Replied: 8/21/2017
Richard B. Jacobson & Associates, LLC | Richard B. Jacobson
Probably.
Answer Applies to: Wisconsin
Replied: 8/21/2017
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