loan default

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LendingTree: This is how a foreclosure really impacts a borrower’s pursuit of homeownership

Sep 12, 2019By

In order to determine the long-term damage of foreclosures, LendingTree conducted a study to assess how credit scores trend following a default, and how lenders loan to borrowers with a foreclosure listed on their financial records. According to their findings, foreclosed-borrowers tend to face more financial obstacles than their counterparts when reentering the housing market. 

3d rendering of a row of luxury townhouses along a street

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