Contact Information

David Karp
Peachtree Realty Group, LLC
4651 Woodstock Road, Ste. 208-212
Marietta, GA, 30075
Office: 404-419-6244 ext. 100
Cell: 404-538-1639
Fax: 404-419-6244
bankruptcies and foreclosures on credit report
What if you have a bankruptcy or foreclosure and want to buy a property in the Marietta GA area?

Bankruptcies and foreclosures can remain on a credit report for seven to 10 years.
Some lenders will consider an borrower earlier if they have reestablished good credit. The circumstances surrounding the bankruptcy can also influence a lender's decision. For example, if you went through a bankruptcy because your employer had financial difficulties, a lender may be more sympathetic. If, however, you went through bankruptcy because you overextended personal credit lines and lived beyond your means, the lender probably will be less inclined to be flexible.
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