March 22, 2011

Foreclosure Myth #1

Myth 1: If my house is foreclosed, I can never buy a house again-the foreclosure will stay on my record forever.

Truth 1: Foreclosure can have a devastating effect on your finances and you personally, but you can recover. Use the time after foreclosure to prepare yourself for successful homeownership the second time around by creating a spending and savings plan and rebuilding your credit.

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