Can someone please answer a question for me >>

[mesa777]

I just had my Chapter 7 confirmed/discharged a few weeks ago, I havent made a house payment on either my first/second mtg since Jan 1st. 2009.

I am going to let the home forclose... lots so much value, am under an ocean of water and cant keep up with the payments.

HOW LONG WILL IT TAKE TO HAVE MY CREDIT REPORT INDICATE A FORCLOSURE???? I assume that this wont take place until AFTER the home goes to public auction here in Arizona.

The home will be sold on 11/12/2009, I am planning to move out on 11/01/2009 and want to make sure the forclosure will not show up on my credit report until after the sale date so I dont have any problems getting an apartment... Comments please!!!!

[MSbklawyer]

No telling. But the foreclosure isn't likely to make it any harder to get an apartment than the bankruptcy that would already be on your report. If you're prepared to pay a couple or three months rent in advance, plus the deposit, you can get any apartment you want -- bankruptcy / foreclosure notwithstanding.

[CCCrazy]

And if you didn't reaffirm either mortgage, the debt already shows as discharged on your credit report. You won't have any foreclosure reported to the credit bureaus since you didn't reaffirm.