“ I think that a property foreclosures can have a major effect on the applicant's life. House foreclosures can have a 6 to 10 years negative relation to a applicant's credit report. The borrower who's applied for a home loan or almost any loans for example, knows that a worse credit rating can be, the more tricky it is to secure a decent bank loan. In addition, it could possibly affect any borrower's chance to find a reasonable place to let or hire, if that gets to be the alternative property solution. Thanks for your blog post. ”