{dragByHandle:false,dragByBody:false,cssSelector:ql-category,widgetClass:OverlayWidget,bindings:{bind0:{element:.ItemViewerWithQuickLook .Quicklook > .trigger,type:quicklookselected,fn:function(){$.fnProxy(arguments,\'#_widget1876005179023\',OverlayWidget.show,\'OverlayWidget.show\');}},bind1:{element: ...
This does not necessarily occur after one or more payments are not met but for logistical reasons may occur after a loan is in substantial default â sometimes six months or more past due. This is known as the redemption period. The foreclosure process does not move forward for a minimum of 60 days.
The foreclosure will remain on your credit report for seven years, but its impact on your FICO score decreases over time. If you remain current on all of your other debt payments, a FICO score can start to rebound in about two years if you remain current on your other debts.