It's my opinion that a property foreclosure can have a important effect on the applicant's life. Mortgage foreclosures can have a Seven to few years negative effect on a client's credit report. Any borrower that has applied for a mortgage or any loans for that matter, knows that your worse credit rating is usually, the more difficult it is to secure a decent financial loan. In addition, it may affect the borrower's capability to find a reasonable place to lease or rent, if that gets to be the alternative housing solution. Thanks for your blog post.