[Dumbo]

...does the foreclosure stay on his credit report?

[#### *]

A minimum of 7 years, sometimes 7-10 years

Any derogatory credit will be on the credit bureau 7 years from the date of the last delinquency

[Santo D]

I suggest that they try to avoid forclosure there are many mortgage companies that can save their credit record by buy the the property from the consumer. Yes it will stay on credit file for 7 years. Because the bank must report all failed loans. Good luck

[tammy f]

7 years I think

[topfuel]

Foreclosure 10 years 200+ point drop in FICO score
BK chapt 13 7 years
BK chapt 7 10 years