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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Aftermath Posted by J. Brooks on July 16, 2003 at 4:40 PM In Reply to: Aftermath posted by Ward-CA- on July 16, 2003 at 6:12 AM : : Going thru a foreclosure now, after filing chapter 13. Is there really life after all this and if so how long and what would help? : -=-=-=-=-=-=-=-=- : Jerry, : Well, it’s said that the scar of a foreclosure will show against your credit record for about 7 years and about the same time for a bankruptcy. : But that’s a tapering off time period, where the toughest road is going to be right after the events occurred and the weakest at the end of the 7 years. So you’ll definitely be impacted for the first two years and then experience a gradual “welcome back” to the extension of credit. : What helps is to live within the bounds of your income and pay your bills and credit lines as promptly as required. : ++++++++++++++ Jerry, what would really help is to follow Ward's ideas regarding purchasing pre-forclosures and buy yourself a property subject to as he as outlined. You don't need any credit to do this. You may need to find a partner to "joint venture" with you for a while. Turn a couple of deals, live within your income and exit Ch 13 a.s.a.p. Your only bound by the limits you place on yourself! Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : Going thru a foreclosure now, after filing chapter 13. Is there really life after all this and if so how long and what would help? : : -=-=-=-=-=-=-=-=- : : Jerry, : : Well, it’s said that the scar of a foreclosure will show against your credit record for about 7 years and about the same time for a bankruptcy. : : But that’s a tapering off time period, where the toughest road is going to be right after the events occurred and the weakest at the end of the 7 years. So you’ll definitely be impacted for the first two years and then experience a gradual “welcome back” to the extension of credit. : : What helps is to live within the bounds of your income and pay your bills and credit lines as promptly as required. : : ++++++++++++++ : Jerry, what would really help is to follow Ward's ideas regarding purchasing pre-forclosures and buy yourself a property subject to as he as outlined. You don't need any credit to do this. You may need to find a partner to "joint venture" with you for a while. Turn a couple of deals, live within your income and exit Ch 13 a.s.a.p. Your only bound by the limits you place on yourself! Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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