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According to the Fair Credit Reporting Act (FCRA), a home foreclosure can stay on your credit report for up to seven years. The clock starts when the bank files the notice with the court. Soon after this, the event will be reported to all three of the credit-reporting bureaus -- TransUnion, Equifax and Experian.
Short sales are just as damaging to credit scores as foreclosures. Both stay on your credit score for 7 years. After 7 years, federal law requires removal from your credit report. The KEY date is the date you went delinquent that resulted in foreclosure-typically 60 or 90 days late in payment.NOT the date you were foreclosed on.oth stay on your credit score for 7 years. After 7 years, federal law requires removal from your credit report. The KEY date is the date you went delinquent that resulted in foreclosure-typically 60 or 90 days late in payment. NOT the date you were foreclosed on.