Foreclosure in Dallas TX
Foreclosure in Dallas is the worst way to lose a home. When something effects your credit negatively, it lowers your credit score and the effects last for varying periods of time. Foreclosure in Dallas lowers your score the most and for the longest period of time – up to 10 years.
Some distressed homeowners reach the end of their patience and decide they simply want to “walk away” from a home believing that foreclosure will be the end of their problems. The truth is that foreclosure is the beginning of an 10 year nightmare that can involve everything from an eviction by the sheriff, embarrassment, battling creditors for years, deficiency judgments and lawsuits, possible tax ramifications that can even lead to garnished wages, and difficulty getting credit cards, car loans, or even many types of employment for up to a decade.