Mortgage was discharged in Ch 7 bankruptcy and shows $0 balance on credit report. My credit score is almost 700. The bank will now go through the foreclosure process to release the lien of the property in my name (post bankruptcy discharge date). I know this will be public record. Does this affect my CREDIT SCORE at all? That's my main concern.
Yes, bankruptcy is a derogatory event which will harm your credit score.
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Debt Collection Attorney
Yes. Both the bankruptcy and the foreclosure will affect your credit score.
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The foreclosure will negatively affect your credit score.