I walked away from my condo which was underwater in 2010. The foreclosure hurt my credit temporarily, but I have been working hard on getting my FICO back to where it was at prior. I'm pre-approved for a FHA mortgage and I'm in the market for a new home as we speak. Here are the things I did which has helped me bounce back so quickly. On advice from a friend I signed up with Lexington Law. I was very very leery of these "fix your credit" companies so at first I blew off his suggestion. However, after doing a little homework, I took a leap of faith and signed up. I took the middle option which I think was about $60 a month. And I stayed with them for about 11 months. I have to honestly say that I wasn't expecting much to come of it, but they somehow got my forclosure removed! My mortgage broker even told me that he can't understand how it was removed. But once the FC was removed, my credit scores have been steadily increasing over the last 2 years since my fresh start. The second thing I did, was buy a new car and got a loan through Ally Bank. Add in my student loans that came due in the middle of all of this. And the constant repayment of those 3 lines has really been great. So, I'm working hard and paying all my bills on time and I should be back over 700 by the end of the year or by early next year. Good luck to everyone in their credit rebuilding activities.
