Legal Question in Real Estate Law in Florida

Re: loan default

Like most other negative info - 7 years. That may be longer if they sue for a deficiency and obtain a judgment. It may be 7 years from the judgment.

Re: loan default

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Generally, negative credit information will remain on your credit report for 7 - 10 years from the date it is reported. If the lender takes legal action and obtains a judgment, it is good for 10 years from the date it is filed and can be renewed for an additional 10 years by the judgment holder if properly done.

Scott R. Jay, Esq.