Legal Question in Credit and Debt Law in California

I understand that your credit can eventually be built up again, but I've also heard that despite this rebuilt credit either a foreclosure or a shortsale leaves a permanant black mark on your credit, is this correct?

Asked on 2/17/12, 12:00 pm

1 Answer from Attorneys

Tony Carballo Carballo Law Offices

It is not permanent but the foreclosure or short sale will show up for 7 years.

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Answered on 2/17/12, 12:05 pm

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