Posted on: 28th Sep, 2012 12:54 am
In 2008, I had to list the property in the market and sold off. I was 120 days late as I was unemployed. Now, my mortgage shows 120 days late on 2 reports but Foreclosure on EXPERIAN. The status/comments for each are:
EQU: Status: 120 DAYS PAST DUE - Comments: "Fannie Mae Account, Foreclosure Process Started"
TU: Status: Account 120 days past due - Comments: "ACCT PAID, FORECLSR STARTED"
EXP: Status: "Paid, Closed" - Comments: "Foreclosure Proceedings Started"
On the Equifax account, it doesn't state that the account was paid off. Moreover, it wasn’t a foreclosure… The account was paid off in full. Can I contest it and ask that it be removed? Is there anything I can do to get the Foreclosure stuff off my report?
EQU: Status: 120 DAYS PAST DUE - Comments: "Fannie Mae Account, Foreclosure Process Started"
TU: Status: Account 120 days past due - Comments: "ACCT PAID, FORECLSR STARTED"
EXP: Status: "Paid, Closed" - Comments: "Foreclosure Proceedings Started"
On the Equifax account, it doesn't state that the account was paid off. Moreover, it wasn’t a foreclosure… The account was paid off in full. Can I contest it and ask that it be removed? Is there anything I can do to get the Foreclosure stuff off my report?
Hi Jalfry,
If the property was not foreclosed, then your account status cannot be updated as "Foreclosure Process Started". If you have the "paid in full" docs regarding the loan with yourself, then you can send a copy of that to the credit bureaus and request them to update the status of that debt account.
Take care.
If the property was not foreclosed, then your account status cannot be updated as "Foreclosure Process Started". If you have the "paid in full" docs regarding the loan with yourself, then you can send a copy of that to the credit bureaus and request them to update the status of that debt account.
Take care.
Hi Jalfry,
I agree with what Sara has said. Unless the property is foreclosed, the "foreclosure" status can't be updated in your credit report. You can even contact your lender and ask him to update the status of the account in your credit report.
Thanks
I agree with what Sara has said. Unless the property is foreclosed, the "foreclosure" status can't be updated in your credit report. You can even contact your lender and ask him to update the status of the account in your credit report.
Thanks