How to bounce back after a foreclosure
The first step on the road to recovery is to start repairing your credit. A recent study by FICO found that the higher your credit score before the foreclosure, the longer it would take to fully recover. For instance, a homeowner with a credit score of 680 would take around three years to get back to that pre-foreclosure credit score. But a homeowner that started out with a score of 780 would require seven years after a foreclosure to get back to where they were.
