I hate to say this but once a foreclosure is final, the financial and emotional disruption is far from finished. The good report is if you have had a foreclosure you could eventually become homeowners again However if you sell your house or sign over that deed beforehand you can bypass the trouble altogether.
If you could get out a forclosure would you?
Outcomes of a foreclosure
- Receiving a surprise tax bill
- Finding a new residence
- Giving employer, landlords, credit card companies, car dealers an explanation
- Surviving through the loss
- Undergoing the credit results
- Purchasing another place