Foreclosure Reporting Question - Credit Repair Forum from Creditnet
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  1. #1
    codeman is offline Junior Member
    Join Date
    Dec 2002
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    18
    Hello All,

    I have a foreclosure that is being reported differently at the 3 CRA's and just wanted to get your input.

    EXP shows Allied Group Mortgage "foreclosure as of 6/2001" with "90 days as of 1/2001" "Last Reported 6/2001"

    EQ shows Nationwide Home Mortgage "Foreclosure" with last activity of 3/2000 "Reported 5/2001"

    TU shows Nationwide Home Mortgage "Foreclosure" "Account closed 11/2000" "Updated 5/2001

    What should be considered as my foreclosure date? I know for a fact that the last payment made was 10/2001.

    My goal is to clean up my credit by July 03 and get a VA mortgage.

    Thanks in advance

    Codeman

  2.  
  3. #2
    codeman is offline Junior Member
    Join Date
    Dec 2002
    Posts
    18

    Re: Foreclosure Reporting Question

    BTW I currently have about 13 derogs and 1 foreclosure listed by the CRA's

    EQ=577 11/02
    EX=544 12/02
    TU=624 12/02

  4. #3
    codeman is offline Junior Member
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    Dec 2002
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    18

    Re: Foreclosure Reporting Question

    Bump

  5. #4
    codeman is offline Junior Member
    Join Date
    Dec 2002
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    18

    Foreclosure Help

    Bump

  6. #5
    humblemarc is offline Senior Member
    Join Date
    Jul 2002
    Posts
    1,289

    Re: Foreclosure Help

    oooohh, oooohh,
    I know this one! First start the "nutcase" series with the mortgage company via regular mail and planetfeedback.com. Also dispute the account with the CRAs. See how that works, and then report back.

    Also, please read the first 3 threads several times AND all the associated links within those threads. You might not think they apply to you now, but you never know what some small bit of info. might trigger an idea for you.
    Good luck and welcome to the board!

  7. #6
    fla-tan is offline Senior Member
    Join Date
    Apr 2001
    Posts
    1,090

    Re: Foreclosure Reporting Question

    Originally posted by codeman
    Hello All,

    I have a foreclosure that is being reported differently at the 3 CRA's and just wanted to get your input.

    EXP shows Allied Group Mortgage "foreclosure as of 6/2001" with "90 days as of 1/2001" "Last Reported 6/2001"

    EQ shows Nationwide Home Mortgage "Foreclosure" with last activity of 3/2000 "Reported 5/2001"

    TU shows Nationwide Home Mortgage "Foreclosure" "Account closed 11/2000" "Updated 5/2001

    What should be considered as my foreclosure date? I know for a fact that the last payment made was 10/2001.

    My goal is to clean up my credit by July 03 and get a VA mortgage.

    Thanks in advance

    Codeman
    Hi codeman

    Welcome to the board. First question I would ask is who is the correct lender? I would suggest disputing with the CRA (s) that have incorrect lender info as not mine. U would also dispute with the other CRA (s) as not mine as well, with the understanding that I would use wrong information as a backup. Good luck to you in your efforts.


    fla-tan
    Remember renting is just like buying...Only for somebody else.

    Professional Disclaimer: "Any advise that I provide concerning mortgages is generic only. You will need to speak with a mortgage professional about your specific situation"

    insanity: doing the same thing over and over while expecting a different result

    email is on

  8. #7
    codeman is offline Junior Member
    Join Date
    Dec 2002
    Posts
    18

    Re: Foreclosure Reporting Question

    Originally posted by fla-tan


    First question I would ask is who is the correct lender? I would suggest disputing with the CRA (s) that have incorrect lender info as not mine. U would also dispute with the other CRA (s) as not mine as well, with the understanding that I would use wrong information as a backup. Good luck to you in your efforts.


    fla-tan
    Actually, Allied Group Mortgage and Nationwide are the same company. I think either Nationwide bought out the other guy, or they just changed their name. I can't remember which.

    At this point I'm just concerned with getting the dates reported correctly. I'm trying to get a VA home loan in July 2003

    Question: Is a foreclosure aged by it's Delinquency date or the actual date the foreclosure was completed?

    Thanks for your help.

    Codeman

  9. #8
    humblemarc is offline Senior Member
    Join Date
    Jul 2002
    Posts
    1,289

    Re: Foreclosure Reporting Question

    Originally posted by codeman


    Actually, Allied Group Mortgage and Nationwide are the same company. I think either Nationwide bought out the other guy, or they just changed their name. I can't remember which.

    At this point I'm just concerned with getting the dates reported correctly. I'm trying to get a VA home loan in July 2003

    Question: Is a foreclosure aged by it's Delinquency date or the actual date the foreclosure was completed?

    Thanks for your help.

    Codeman
    Codeman,
    foreclosures look veeeery bad on your reports, and it will probably take less effort to get them removed completely than getting the dates correct. i would suggest the above-mentioned strategy as i've seen "nutcase" letters get very quick responses (i.e. deletions) from past mortgage lenders.

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