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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.
FICO credit scores have a 300â850 score range. In general, a foreclosure will drop your credit score at least 100 points, probably more. The past due reports for missing your payments will also drop your score. The actual drop in credit score can vary from one borrower to the next.