Congratulations on weathering the storm of being out of work and then rebounding so strongly. 

If the market goes upside down, at least you own the physical asset and it can rebound.

THanks ChrisDoes it have a little negative result, or not really.I expect it probably pushes the score down a few points (like maybe 4-5) at first, but after a few months of on time payments it probably rebounds pretty well.

In the last 50 years the median price has gone up all but 2 years and in those to very small decreases Austin rebounded the following year to be above the previous.  

well sometimes we have short memeories or your young enough to just be getting starting in RE business.2 things happened in phX that tanked those values.. 1. politics kicking the illegals out.2. building stopped tenants leftMuch of this housing was and is hispanics they were fleeing back to mexico for political reasons and because new contruction stopped loss of job was huge.so you had 4 plex's go vacant or only have one or 2 tenants.And of course the dreaded turn over which always cost money along with under capitalized owners in many cases could not afford negative cash flow along with turn over expenses led to a melt down.things have rebounded... same thing happned in Vegas with the 4 plex's there.

We don't suspect the market will rebound soon.

It will damage her credit, as a non-judicial foreclosure (I believe), but after a little while, her credit will rebound.  

I've noticed that the prices in my neighborhood were slipping since I locked-in my price, but they'll probably re-bound between now and winter.

I'm also a Life Coach who helps people deal with loss, grief, and rebound.  

First, the market is rebounding, it simply makes buying property more natural to more investors.