---

Short Sale shows as Foreclosure on Credit Report

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
gregpalmersheim Joined: 05 Apr 2011 Posts: 1 1.30 Dollars($)	Posted: Tue Apr 05, 2011 4:02 am    Post subject: Short Sale shows as Foreclosure on Credit Report Like 0 Dislike 0 Due to economic conditions and the inability to get my mortgage lender to consider a loan modification I was forced to short sale my Arizona home. The whole process took approximately five months and the mortgage company agreed to the sale but now my credit report shows a foreclosure and not a short sale. What can I do to correct this and what steps can I take to rebuild my credit?
adonis Joined: 22 Oct 2005 Posts: 10531 Location: ALASKA 1085.02 Dollars($)	Posted: Tue Apr 05, 2011 7:59 pm    Post subject: Like 0 Dislike 0 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 _________________ Procrastination is the enemy of your financial success

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0