I think that a property foreclosure can have a major effect on the client’s life. Home foreclosures can have a 7 to ten years negative relation to a client’s credit report. A new borrower who have applied for home financing or any kind of loans for example, knows that the worse credit rating will be, the more hard it is for any decent loan. In addition, it might affect a new borowrer’s power to find a quality place to let or hire, if that gets to be the alternative homes solution. Good blog post.