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This Pre-Foreclosure Sale Addendum (“Addendum”) is given by the Seller(s), Buyer(s), Agent(s), Broker(s), and Facilitator/Negotiator to the Mortgagee of the mortgage loan secured by the Property (“Mortgage”) in consideration for the mutual and respective benefits to be derived from the pre-foreclosure sale of the ...

Being in pre-foreclosure does affect your credit scores. To what extent your score will fall depends on various factors, like how far behind on payments you are, whether you file for bankruptcy, and whether the foreclosure is completed.

A foreclosure, as one would expect, can lead to a significant drop in credit score, by hundreds of points. The exact impact depends on various factors, including your credit history before the foreclosure and the scoring model used.

The exact terms of the foreclosure and preforeclosure process vary by state and mortgage lender. So, the amount of time a house will be in preforeclosure is hard to know for certain, but it's most often a minimum of 30 days.

Going through a foreclosure tends to lower your scores by at least 100 points or so.

To rectify this, you must promptly dispute the wrongful foreclosure with both the lender and the credit reporting agencies, providing evidence of the error to ensure it is corrected promptly. The dispute process is completely free to you and you will not need to pay one penny.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232