Foreclosure a year after chapter 7 bankruptcy - will it bring credit down again?

[Inca]

Hello all, my house was recently foreclosed on and it has been a year after filing chapter 7 bankruptcy and my credit score is currently at 620. I did not re-affirm the house so they can not come after me for the balance, but I heard that they can still report the foreclosure on my credit after it is finalized, which theoretically should kill my credit again (even though it is not so good right now, it is not the worst).

So, any answers on how far it will bring my credit score down? Has anyone else experienced this?

Thanks

[IBroke]

It depends if the foreclosure shows up as a public record - or not. My foreclosure never showed up. The TL of the mortgage itself mustn't be updated because you didn't reaffirm.

[Inca]

What is the TL of the mortgage? Sorry it is the morning and I have not had my coffee to figure out any abbreviations what so ever. I am surprised that my credit score was even 620, it has been about a year and a half since the bankruptcy. I would just hate it if the foreclosure showed up and ruined it all.

[ValleYum]

TL = Tradeline

“Tradeline” is credit bureau lingo for “account.”