“ I really believe that a foreclosure can have a important effect on the debtor's life. Home foreclosures can have a Six to several years negative affect on a borrower's credit report. The borrower that has applied for a home loan or almost any loans as an example, knows that your worse credit rating will be, the more tough it is to obtain a decent personal loan. In addition, it may affect a borrower's capacity to find a quality place to let or hire, if that becomes the alternative homes solution. Thanks for your blog post. ”