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[Q=pengx] Credit report only stays for 7 years starting from the first missed payment that leads to the foreclosure. Assuming you have stopped paying for 4 years, the hit essentially stays just 3 years on the credit report. Is it correct?[/Q] My own understanding is that a negative credit report, once filed [b]after[/b] a foreclosure, begins upon foreclosure filing date, remaining in place for seven years thereafter. I don’t believe that your interpretation stated above is correct, but I could certainly be mistaken. Frankly, I just cannot imagine that lenders (banks, auto loan originators, mortgage companies, etc.) would ever tolerate a system in which they are left completely unaware of a multi-years, ongoing, unpaid debt record preceding actual foreclosure proceedings.