will it effect our credit status buying a repossessed house?
- Anonymous1 decade agoFavorite Answer
No. There is no linkage attached to this transaction at all.
- godgedLv 71 decade ago
Of course not. The previous lender defaulting has nothing to do with you, the house, or your credit score.Source(s): Oregon Realtor
- dymondLv 61 decade ago
As long as you make timely payments and get a good low interest rate it will only improve your credit rating.
- npkLv 71 decade ago
No. The fact that it was previously foreclosed has nothing to do with you.
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- Oh Wise OneLv 51 decade ago
Not in a negative way