Im about to go through forclosure...HELP!!!?

I just wanted to know how bad my credit report will get. I heard that it isnt as bad as it used to be. Meaning the credit report wont get as affected. I guess the government realises that things are getting bad and the punishment isnt as bad as it once was. Is that true? If it isnt how long will it be till Im able to buy another house and how long will it take me to repair my credit? Thanks for your help...

Im about to go through forclosure...HELP!!!?

That not true Jose, sorry but your credit will be very affected in a bad way, but the good news is you can rebuild it and the bad is it will take a few years to get back on track. If you can at all avoid it do so.

Im about to go through forclosure...HELP!!!?

Credit repair can only be achieved through financial discipline and hard work. Any easy way out of a poor credit history is undoubtedly tempting, but it may lead to further financial difficulties in the future. If a poor credit history is due to circumstances beyond%26lt;!--consumer%26#039;s control, and they are able to somewhat make amends to their credit records after that time, then a creditor can be requested to upgrade credit rating because of a sense of customer loyalty.

http://badcredits.awardspace.com/repairc...

Most creditors don%26#039;t trust the customers defaulting on their debts, so it may be very difficult to obtain new credit. But once a person is able to demonstrate continuing income stability and prompt--%26gt;payment patterns, his situation can improve in a period of two to three years. This way, even in the case of bankruptcy, a consumer is likely to be offered charge and credit cards within a year or two if maintaining a steady income.

Im about to go through forclosure...HELP!!!?

Expect it to drop about 250 points.

The government realizes that many people made bad choices, but you still made the choice and did not sell to refinance before it was too late.