I’d be more concerned about the net debt relief via a 1099 coming your way for any loan on a refinanced property goes into foreclosure. That, plus the possibility of a judgment if the lender choses to pursue available legal remedies. We’ll see what the senate does with forgiveness and/or repeal of current IRS statutes.
You can survive bad credit by paying cash and placing huge deposits and prepayments on rentals, and the same on cars or leases.
