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There is no difference in method for disputing various derogatory items. You dispute a foreclosure with the same technique as disputing late payments, collections or judgments. You need to aware that the information on legal entries is verified before they are listed on your credit report. Judgments and foreclosures, which begin as trade lines in the credit report, are "double" verified. The standard of verification for trade lines, (the credit accounts before they become legal entries) is name, date of birth, address, social security number. There are different standards for legal items in the public record portion of your credit. Those entries often do NOT have your social security number recorded. However, if a foreclosure is listed in both places, and is accurate and belongs to you; there is little you can do to make this disappear prior to the statute of limitations running out.
UPDATE: Actually, you can force Equifax, Experian and TransUnion to remove a Foreclosure from your credit report and you can do it legally using a federal law that is in place. Credit Bureaus MUST have "verifiable proof" of the "foreclosure account" in their files if they are going to report the negative item on your report. The dirty little secret the credit bureaus don't want you to know is that they do not have any "verifiable proof" in their files for any of the negative items on your credit report. The bank that held your mortgage may have this information on file but the credit bureaus don't. If you request the credit bureau to provide you with the "verifiable proof" that they have in their files they will remove the negative from your file.
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Can you get a foreclosure off your credit report?
A foreclosure will be expunged from a person's credit report after seven years have expired from the time the foreclosure was reported. Valid information on a credit report cannot be removed until the required time limit for reportage has expired.
How long does a foreclosure stay on your credit report?
A foreclosure will typically remain on your credit report for seven years.
How to Erase foreclosure off credit report?
wait 7 years
Is there still a past due amount on your credit report after foreclosure?
The foreclosure will be on your credit report indefinitely.
You had foreclosure proceedings started but you sold the home and paid off the bank in full Can the foreclosure proceeding started be remove from your credit report?
If foreclosure proceedings were initiated, and that is all that is claimed on the credit report, then the bank cannot change the report. If the credit report shows that the foreclosure took place, however, the bank would have to correct that. Similarly, a credit card company won't take back any delinquent payments reporting just because the card was paid off. They are legally obligated to report accurately.
Can you get a foreclosure off your credit report?
A foreclosure will be expunged from a person's credit report after seven years have expired from the time the foreclosure was reported. Valid information on a credit report cannot be removed until the required time limit for reportage has expired.
How long does a foreclosure stay on your credit report?
A foreclosure will typically remain on your credit report for seven years.
How to Erase foreclosure off credit report?
wait 7 years
Is there still a past due amount on your credit report after foreclosure?
The foreclosure will be on your credit report indefinitely.
How long does foreclosure stay on your credit report?
A foreclosure will typically remain on your credit report for seven years.
You had foreclosure proceedings started but you sold the home and paid off the bank in full Can the foreclosure proceeding started be remove from your credit report?
If foreclosure proceedings were initiated, and that is all that is claimed on the credit report, then the bank cannot change the report. If the credit report shows that the foreclosure took place, however, the bank would have to correct that. Similarly, a credit card company won't take back any delinquent payments reporting just because the card was paid off. They are legally obligated to report accurately.
How many points will come off your credit report when your foreclosure falls off?
There can be no specific answer, as credit scores are based on the person's entire credit history.
How long will a foreclosure be on your credit report and how will it effect your credit score?
A foreclosure can stay on your credit report for over ten years. It will have a significant and negative impact on your score.
If a court has found a foreclosure illegal and strikes down the Motion to Foreclose with prejudice how do you get the foreclosure off of your credit report?
If the lender does not correct your credit report, then you could send a letter and a copy of the court's decision to the credit agencies. Still, a notice of foreclosure may remain, and I am not sure whether you can make that go away.
What if you had a foreclosure and it is not on your credit report?
It sometimes takes a month or two to be added as a negative on your credit report.
If you were in foreclosure but sold the property before the bank took over and should your credit report state foreclosure on it if the loan was paid off in escrow?
If You Paid The Bank All Moneys Owed, And At Present Are Credit Wise Clear With The Bank. Take Your Report To A Loan Officer Then File A Report With The Credit Reporting Company, This Should Clear This From Your Credit Records.
Is it correct for the loan amount of a foreclosed property to appear on a credit report?
what ever the balance was at the time of foreclosure will report on your credit report
