Ch 7, Foreclosure and Credit Scores

[Isobel]

I filed Ch 7 in July 2011, no assets, included house with 1st and 2nd mortgage in bk. Discharged in Oct 2011. Yay! Now my credit reports read zero balances and "included in bk" for all discharged debts, including mortgages.

Here's a history of my credit scores:
Experian
January 2011 before stopping payments: 638
July 2011 right before filing Ch. 7: 610

Equifax
January 2011 before stopping payments: 688
January 2012 3 months post discharge before getting any credit cards: 617

Just yesterday I applied for a secured credit card, just because it seems like a good idea (will pay it off in full each month to avoid bad habits from resurfacing).

I received a Notice of Default in May 2011, but no sign of a sale yet. My question is: I'm wondering if the inevitable foreclosure sale of my house will cause another huge drop in my credit score. Anyone?

Isobel

[tradinglife]

Not sure, I am in a similar situation. What I am finding is a good score doesn't help if you have a recent bankruptcy and or foreclosure Having a BK and foreclosure affects your borrowing ability more, especially trying to get another mortgage.