Letting House Go Into Foreclosure.....What are the after effects?

after the foreclosure the property gets repossesed and sold at the county courthouse to the highest bidder, if no one bids on it the bank takes it back and tries to sell it, depending on the loan you obtained they might file a judgement against you for the difference, this rarely happens, but it could happend.

Depending on where you're at in the process and what state your in you have between 3-4 months to do something or do nothing. A foreclosure stays in your credit report for 8-10 years. If your able to negotiate a "short sale" it will show on your credit report as "account settled", but its a lot better then a foreclosure. Hope this info helps good luck.

Do a short sale. It's better than foreclosure. Sell the house for less and take the deal to the bank. They may or may not bite but you should give it a shot.

12 house represents expenditure, travelling places, going abroad etc. Sun, Jupiter & Saturn drive away from native place and home, Venus leads to extra expenses on luuries, perfumes and show off, Moon is the worst planet to have in 12th house, cannot accumulate wealth, cash balance always feel cash starved. Get money only to meet expenses.

If you ever plan on borrowing money again, find a way to rent it or sell it for as much as you can. Sometimes lenders will take a "short sale". Short sales are where the lenders takes what you can get for the property. If we are talking a difference of 25K or more, it will be harder.........