Candy #1 - Foreclosure's wake: credit experiences of individuals following foreclosure

Hey everyone! I brought some candies for you guys from the 47th Conference on Bank Structure and Competition sponsored by the Federal Reserve Bank. This is to make up the blogging that I missed for Wednesday and Thursday.

Candy #1 - Foreclosure's wake: credit experiences of individuals following foreclosure

Two scholars, Kenneth P. Brevoort and Cheryl R Cooper, stated that there has been relatively little work on the consequences of foreclosure for the borrowers themselves.

Their research was analyzing the substantial declines in credit scores that accompany foreclosure and examine the length of time that it takes for individuals to return their credit scores to pre-delinquency levels.

So tell me. Is it possible for struggling homeowners to get back their good credit scores? Hmm?

Is it true that credit score recovery appears to be longer? Or is it not?