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how is foreclosure reported on credit?

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    how is foreclosure reported on credit?

    I already have a mortgage that is discharged in chapter 7 and technically the bank has to foreclose on it. How will that effect my credit. Bankruptcy is already on there. Will this foreclosure even show up? Can my credit be damaged even more???

    #2
    Ah Ha! Answer to my own question. Just thought I would post it in case others are wondering. Foreclosure goes in the public records section of your credit report (beside the bankruptcy) It is recommended that one should write a personal statement to the CRA stating that the foreclosure is a result of the bankruptcy. Hope this helps. Anyone been through this and can validate that this info is true?

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