has a lot of good information on everything about how to protect your house from becoming foreclosed, foreclosure laws, and how to buy houses on foreclosure auctions.

A foreclosure is a major hit to one’s credit, Usually you’ll also have a corresponding 120+day late on your reports,

Recovery will take 24-months at least as long as you don’t miss any other payments,,, And by recovery, I mean scores in the upper 600′s,

You probably wont qualify for another mortgage for at least 3-years, and the mortgage holder can seek a deficiency judgment meaning you could be on the hook to makeup the difference in the sale price and what you owed,,,