How long will a mortgage default sit on my credit?

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How long will a mortgage default sit on my credit?

Asked 7 months ago

Anonymous
2

updated 7 months ago

Glenn Setzer ❇
143 1 11

Defaults/foreclosures now report on credit for 10 years. You will be ineligible (under current rules) for a conventional mortgage for 4 years, may have some quicker options under FHA, depending on the circumstances of the default, but certainly a minimum of a couple of years.

Answered 7 months ago

Ted Rood ✎
409 5

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