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  1. In my opinion that a foreclosures can have a major effect on the client’s life. House foreclosures can have a 6 to decade negative effect on a client’s credit report. A borrower who have applied for home financing or any loans for example, knows that a worse credit rating can be, the more difficult it is to obtain a decent financial loan. In addition, it may possibly affect a borrower’s capability to find a really good place to lease or rent, if that turns into the alternative housing solution. Great blog post.

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