Compare Mortgage Quotes

Guest

I sold my home through a short sale. I was at the signing and everything. All of the documents I received from lender reported the debt paid in full and during the sale referred to it as a "short pay off," not once as a foreclosure. My credit record calls it a foreclosure. I did go past 120 days late but the house sold and a foreclosure process was never completed or started that I know off. I know each state has specific foreclosure laws, if it never went to those steps and the property sold how is it a foreclosure? I'm going to fight it with the credit agencies but I don't get it. Please advise.

jameshogg · Posted: Fri Jul 30, 2010 1:43 am Post subject:

Hi Lex,

If a foreclosure process was not initiated to sell off the property, then the lender should not report it as a foreclosure in your credit report. As your lender has sold off the property as a short sale, it should be reported as a "short sale" in your credit report. You should dispute this item with the credit bureau and resolve the issue.

Thanks

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1

Compare Mortgage Quotes

short sale shows as foreclosure