Quote:
Originally Posted by jyl
(suppose credit bureaus later start keeping foreclosure on score for 15 years?)
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I wouldn't be surprised if credit bureaus were forced to "forgive" these recent foreclosures on the credit rating of defaultees across this country in the name of stimulating the economy.
It's not their fault they bought a house with a stated income, neg-am, pick a payment they could barely make minimum payment on at the 1% teaser rate!