Quote:
Originally Posted by questionquestion  The family told him that they were making a deal with the loan company (Chase) that if they were cooperative and nice and cordial about the foreclosure than Chase wouldn't damage their credit score. Otherwise if the family was rude & nasty about it than Chase could dock their credit score 300 points on a whim. |
There is definitely no such thing as a good behavior policy. If foreclosure does go through there credit will most likely be docked around 300 like you had said. It also depends he could have a couple weeks or even a couple months depending on the situation and if the loan mod is trying to be accomplished. They will be noticed in advance as to when he will need to move.