I think that a home foreclosure can have a significant effect on the client's life. Mortgage foreclosures can have a Six to 10 years negative relation to a applicant's credit report. The borrower who may have applied for a home loan or any loans even, knows that the particular worse credit rating will be, the more complicated it is to secure a decent mortgage loan. In addition, it may possibly affect a borrower's ability to find a good place to let or rent, if that gets to be the alternative real estate solution. Great blog post.