Strategic default not as harmful to credit as once thought?

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.

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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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fluidideas@gmail.com

fluidideas@gmail.com

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