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#320 - Real Estate Real Talk: Personal Guarantees, Foreclosures, Bankruptcy, and Bouncing Back with Andrew Kirsh and Zack Streit

The Fort

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Impact of Foreclosure and Defaults on Borrowing Ability

Foreclosure and defaults can have significant implications on one's ability to obtain debt and equity, particularly based on the type of lender and the circumstances surrounding the default. Lenders, especially agencies like Fannie Mae and Freddie Mac, may impose longer penalties for foreclosures, while debt funds may be more lenient. Lenders are now screening for defaults and foreclosures at the early stages of deals, indicating a potential impact on borrowing ability in the near future.

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