/ Register

Foreclosure on Credit Report

Discussion in 'Credit Talk' started by TomS, Mar 7, 2004.

  1. Mar 7, 2004 #1
    TomS

    TomS New Member

    I have a property on which foreclosure proceedings were started. Thankfully I was able to pay all associated fees and get the loan reinstated. This shows negatively on my credit report. Is this accurate or is this item disputable since the proceedings weren't completed/the loan was reinstated?

    Thanks in advance,
    Tom
     
  3. Mar 8, 2004 #2
    lbrown59

    lbrown59 Well-Known Member

    TOM ASKED
    ~~~~~~~~~Is this accurate or is this item disputable since the proceedings weren't completed/the loan was reinstated?~~~~~~~~~~
     
  4. Mar 8, 2004 #3
    jlynn

    jlynn Well-Known Member

    Exactly how is it reporting?
     
  5. Mar 9, 2004 #4
    lbrown59

    lbrown59 Well-Known Member

    Never heard of Foreclosing on credit reports.
    Thought that was done on homes .
     
  6. Mar 15, 2004 #5
    bg

    bg Well-Known Member

    Same problem here. It's being reported as 120 days late, "foreclosure proceedings initiated". Any ideas what to do. I thought about contacting the mortgage company requesting the they update the status on the report.
     
  7. Mar 15, 2004 #6
    parksx3

    parksx3 Member

    I had the same thing happen last year. I disputed and now it is deleted on two CRA's and shows "pay as agrees" with 2 30 days. Hope this helps.
     

Share This Page