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I think that a foreclosure can have a important effect on the client’s life. House foreclosures can have a Seven to few years negative affect on a applicant’s credit report. A borrower that has applied for a mortgage or any kind of loans for that matter, knows that the actual worse credit rating is definitely, the more tricky it is to get a decent bank loan. In addition, it may affect a borrower’s capability to find a quality place to let or rent, if that turns into the alternative property solution. Interesting blog post.