I do believe that a property foreclosures can have a important effect on the client's life. Property foreclosures can have a 8 to ten years negative relation to a client's credit report. The borrower who have applied for home financing or virtually any loans for that matter, knows that a worse credit rating will be, the more difficult it is for any decent mortgage loan. In addition, it may affect a borrower's chance to find a quality place to let or rent, if that turns into the alternative homes solution. Good blog post.