It's my opinion that a foreclosure can have a significant effect on the client's life. Home foreclosures can have a Several to ten years negative impact on a borrower's credit report. The borrower who may have applied for a home loan or any kind of loans even, knows that a worse credit rating can be, the more hard it is to get a decent mortgage. In addition, it may possibly affect any borrower's ability to find a reasonable place to let or rent, if that becomes the alternative houses solution. Good blog post.