Posted on: 05th Apr, 2011 04:02 am
Due to economic conditions and the inability to get my mortgage lender to consider a loan modification I was forced to short sale my Arizona home. The whole process took approximately five months and the mortgage company agreed to the sale but now my credit report shows a foreclosure and not a short sale. What can I do to correct this and what steps can I take to rebuild my credit?
Hi gregpalmersheim,
You should contact your mortgage company and ask them to rectify the status of the account in your credit report. Once they update the status, it will be mentioned as a short sale and not a foreclosure.
You can take a look at the given page in order to know the required steps to improve your credit score: http://www.mortgagefit.com/credit-rating/credit-repair.html
You should contact your mortgage company and ask them to rectify the status of the account in your credit report. Once they update the status, it will be mentioned as a short sale and not a foreclosure.
You can take a look at the given page in order to know the required steps to improve your credit score: http://www.mortgagefit.com/credit-rating/credit-repair.html