Posted on: 04th Jul, 2012 12:37 am
My home was foreclosed back in late 2007. It would be removed from my credit report in 2014. I have been checking my reports and it shows one of the two loans with Chase Mortgage is $0 balance and remarks "foreclosure collateral sold". Then the second shows the biggest loan with the big balance still owed, remarks "foreclosure initiated" That’s my concern because it has me as having high balanced owed. Shouldn’t both of this accounts state "foreclosure completed"? They were both last reported on the same date "09/30/2007". Is there something fishy here?
Hi Jenelia,
Yes, if the foreclosure was completed, then it should be reported as same. You should dispute the account status with the credit bureaus and try to sort out the matter.
Take care
Yes, if the foreclosure was completed, then it should be reported as same. You should dispute the account status with the credit bureaus and try to sort out the matter.
Take care
Hi Jenelia,
You can even contact the lender and ask them to update the correct status of the account with the credit bureaus. This might also help you in resolving the queries.
Thanks
You can even contact the lender and ask them to update the correct status of the account with the credit bureaus. This might also help you in resolving the queries.
Thanks