Time, Effort Can Rebuild Credit After Foreclosure
(The Network Journal) — If you’ve been through a foreclosure, you may wonder if there is hope for you to become a homeowner again. Yes, but it will take awhile. “It doesn’t mean you’ll never be a homeowner again,” said Linda Davis-Demas, director of housing at Consumer Credit Counseling Service of Greater Dallas. But you’ll need to examine what caused you to fall behind on your mortgage and take steps to fix the problem.