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How long does a foreclosure affect credit?

Asked by zachary8939 7 months ago, 2 answers.

How long does a foreclosure affect credit?

Answer | Ask a Jobs & Money question

Answered by thedude on Mar 28, 2008, 11:20AM
| 4638 answers.

No more than seven years.

Answered by drdre74 on Oct 30, 2008, 10:16AM

I just talked to my bank and they told me 14 years on my credit and they can still come after me anytime in those 14 years for the balance. I don't know if they were trying to just scare me or what. But I'm going to try and hand over the deed to the bank which she said would be 7 years on my credit and they will 1099 me the balance which is crap.

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