Some of your options have a much softer effect on your credit, and this should be an important factor to consider if you plan to move on in the future and how long you want to wait before be0-ginning again. Some of these have consequences of marking your credit for 7-10 years and could make moving on very difficult for you. Its important for you to be informed before making a choice that you will regret later. We've included a simple chart to help you make the choice easier for you. A GREAT site to visit for your credit is www.720credit.com. If you decide to sell your home, please contact us immediately. If we can't buy your home, we will do our best to get you in contact with another company that would be able to help you.