What repercussions does borrower have if foreclosed on by private

[Taylor Green]

Hi,

I was wondering what the repercussions were for a fix and flipper (borrower) if they were to default on payments and get foreclosed on by their private money lender.

If the foreclosure process were to happen, I know the lender would take control of the property to get his money back.

However, after that happens, is there anything that would go against the borrower besides his own money he invested in the property? Since the foreclosure process is non-judical, the process is not the same as a regular loan through a bank, so is there nothing that would be recorded on his personal records or credit score that would affect getting loans from other sources in the future?

Thanks for the help.