This mantra will destroy the enemy from its roots, so that you don t have any obstacle in your life, let it be career path or love affairs or any property related queries.
However, there are a few rules regarding the reporting of negative information. For example, a late payment cannot be reported on a credit report unless it is at least 31 days late. After that time, it usually shows up on the credit report within the usual 30 days.
Short sales are just as damaging to credit scores as foreclosures. Both stay on your credit score for 7 years. After 7 years, federal law requires removal from your credit report. The KEY date is the date you went delinquent that resulted in foreclosure-typically 60 or 90 days late in payment.NOT the date you were foreclosed on.enerally it can stay for about seven years, however you may be able to purchase again with a mortgage in about two years; much will depend on the circumstances that led you to short sale path, your credit/finances at the time of new mortgage, etc.