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Debt Forgiveness and Credit Report

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alisahammas63 Joined: 11 Mar 2010 Posts: 1 1.24 Dollars($)	Posted: Thu Mar 11, 2010 9:39 am    Post subject: Debt Forgiveness and Credit Report Like 0 Dislike 0 My Mortgage went into foreclosure and was a debt forgiveness. Should this show on my credit report as a foreclosure?
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12346 Location: bloomfield, ct 53.01 Dollars($)	Posted: Thu Mar 11, 2010 9:46 am    Post subject: Like 0 Dislike 0 alisa, please clarify for me if i'm wrong, but i believe your situation is that the lender forgave the uncollected debt - balance greater than what the home sold for, but that the home definitely went to foreclosure. if so, then the foreclosure will definitely continued to be reported. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044

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