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Reload this Page What's worse having a foreclosure or bankruptcy? (credit, live, accept)
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Old 05-19-2011, 01:40 PM
 
Location: Alamogordo
90 posts, read 268,957 times
Reputation: 76

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At least with a foreclosure you don't have to go broke. BTW I live in a nonrecourse state.
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Old 05-19-2011, 02:00 PM
 
Location: The Triad
34,092 posts, read 83,000,140 times
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Sadly, it's more like a coin toss where you really can't lose either way.
Yeah you'll ruin your credit and all that...
but in the current environment both are "accepted" far more than in the past.
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Old 05-19-2011, 05:50 PM
 
12,671 posts, read 23,813,243 times
Reputation: 2666
You can always build your credit after 7 years.
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