When a borrower defaults on a mortgage loan, his or her credit record will be adversely affected. While borrowers can recover from this reduction in their credit score, if a default goes into the borrower's records it will remain for:

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When a borrower defaults on a mortgage loan, it will remain on the borrower's credit report for 7 years. This can have significant long-term effects on the borrower's ability to obtain credit, loans, and even employment. It is important to work with lenders and credit agencies to address default issues and try to minimize any negative impact on one's credit score.

When a Borrower Defaults on a Mortgage Loan, His or Her