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Can a bank turn down a loan because their internal rating system says a foreclosure was found but its not on your credit report anywhere except for a 120 day delinquency notation?
Wiki User
∙ 16y ago
A bank can turn anyone down for any reason they want - as long as the bank is incompliance with the laws governing fair lending (race, creed, color, sex, religion, national origin etc.). If they see anything that causes them to believe a consumer is an unacceptablerisk, they can absolutely deny the loan request.
Wiki User
∙ 16y ago
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Can filing for bankruptcy remove a foreclosure from your credit report?
No, if property has been foreclosed upon the notation will remain on the credit report for the required amount of time of seven years from date of foreclosure. A bankruptcy remains on the credit report for ten years.
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Should a foreclosure appear on your credit report when the mortgage company initiates the process or after the foreclosure sale?
After the foreclosure is finalized and the property has reverted back to the lender. The original mortgage loan account shows in the "credit" portion of your credit report. The industry term for its' appearance is "tradeline". Ordinarly, mortgage loans, like other types of trade lines, remain with the original creditor for 180 days after they become delinquent. This is a standard amount of time and may vary according to your specific contract. After 180 days of not being paid, creditors normally take action. If the account is for a vehicle loan, an order for repossession is put into effect; if the account is a credit card, it is "charged off" or sold/transferred to collections (either in-house or outside collection agency); if the account is a mortgage loan, foreclosure proceedings are begun. This notation is then placed on the tradeline. A foreclosure, once filed, is a legal action. A separate listing of the legal filing then gets reported in the "public records" portion of your credit report. It shows the date the legal action was filed, has a separate period of time (commencing on the filing date)for how long it can show on your credit report and now needs a disposition. So the answer to your question is that a foreclosure notation may show twice on your credit report in different areas, both when proceedings have begun and after the foreclosure has been granted. The notice of foreclosure will show as soon as the process begins. This will show in the area of the usual tradelines where the lender is listed. When the foreclosure is finalized, there will be a paid date showing on the record. There will not be any notice in the Public Records section since it is not a court record.
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If you paid your mortgage off should it still show as a foreclosure?
You probably will need to follow up with the three reporting agencies to be sure the paid notation shows up. The foreclosure notice and late payments will stay on the record for several years. Obtain a paid letter from the lender and send copies to each of the credit reporting agencies--it still will take some time, but your action will help move things in the right direction.
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The exponential notation and standard notation for 2x2x2x2x2 is:2532
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No. There has to an exponent on the 10, anywhere from 0 to infinity. A correct example of scientific notation would be 6.022 x 1023, which is Avogadro's number, or 3.0 x 108m/s, which is the speed of light in a vacuum. The correct format for scientific notation is one nonzero digit in front of the decimal point times ten raised to some power.
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387.Standard notation is our regular system of writing numbers. So, 387 is already in standard notation! Other kinds of notation include scientific notation and expanded notation.
What is the symbol and scientific notation of exa?
The symbol is E and the notation is 1018The symbol is E and the notation is 1018The symbol is E and the notation is 1018The symbol is E and the notation is 1018
