The California-based company You Walk Away has conducted a survey of clients to find out just how damaging a foreclosure actually is to a credit score.
And what they found might surprise you. According to the study, clients who walked away from their underwater mortgages were able to regain ground on their credit scores within a few months of the foreclosure auction, and only 18 percent said they were asked to put down a larger deposit on a rental because of the foreclosure.
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