October 18th, 2008 by Questions
I`m in default of my mortgage and was wondering if I have to file for bankruptcy if my lender forecloses on my house. If not, what kind of impact will a foreclosure have on my credit rating? I realize it will have an impact on my credit rating, but was wondering if it would be easier to rebuild my credit after a foreclosure than a bankruptcy. Thanks.
Posted from: Ontario
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)