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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.
Federal law mandates that items like foreclosure be removed from your credit report after seven years. But that doesnât always happen. If it has been seven years since your foreclosure was reported, you have the right to make a written request to each of the credit bureaus to have the information removed. It is possible to have incorrect items removed from your credit report, which must also be done in writing.