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How long does it take for a second mortgage foreclosure to show on your credit?
Wiki User
∙ 14y ago
The courts don't report public records, there is a third party entity that obtains public records from the courts and sells the info to the credit reporting agencies. So usually about 30 to 60 days, they update every 30 days, so if they miss you on the first go round they'll get you on the the second or third try.
Wiki User
∙ 14y ago
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How long does it take for a foreclosure to go off your credit?
Seven years! There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first.
How does foreclosure affect a person who is listed on the deed but not the mortgage?
If two people are co-owners of real property and then only one signs a note and mortgage, the lender can only foreclose on that one's interest in the property. A foreclosure would only be reported on that person't credit record.If your name was added to the property after the mortgage was granted by the owner you are not responsible for it as long as you didn't sign the mortgage or the note. The foreclosure would only be reported on the mortgagor's credit record.
Do the credit rating agencies look at a mortgage settlement in a negative way will they look at it like a foreclosure and how long will this be on your credit report?
If the home was a short sale, many investors will view that like a foreclosure. Please proved more details on the type of transaction this was.
How do you have a foreclosure removed from your credit report?
You can't. But as long as you pay you bills on time for the next 3-4 years you shouldn't have a problem getting a mortgage
How long does a foreclosure stay on your credit report?
A foreclosure will typically remain on your credit report for seven years.
How long does a foreclosure appear on your credit?
Seven years! There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first.
How long does it take for a foreclosure to go off your credit?
Seven years! There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first.
How does foreclosure affect a person who is listed on the deed but not the mortgage?
If two people are co-owners of real property and then only one signs a note and mortgage, the lender can only foreclose on that one's interest in the property. A foreclosure would only be reported on that person't credit record.If your name was added to the property after the mortgage was granted by the owner you are not responsible for it as long as you didn't sign the mortgage or the note. The foreclosure would only be reported on the mortgagor's credit record.
Do the credit rating agencies look at a mortgage settlement in a negative way will they look at it like a foreclosure and how long will this be on your credit report?
If the home was a short sale, many investors will view that like a foreclosure. Please proved more details on the type of transaction this was.
How do you have a foreclosure removed from your credit report?
You can't. But as long as you pay you bills on time for the next 3-4 years you shouldn't have a problem getting a mortgage
How long does foreclosure stay on your credit report?
A foreclosure will typically remain on your credit report for seven years.
How long does a foreclosure stay on your credit report?
A foreclosure will typically remain on your credit report for seven years.
How long will it affect your credit if you stop making payments on your ex wife's mortgage and the house is in foreclosure?
A foreclosure will show on your credit for seven years from the date of last activity. The federal statue of limitations is also seven years for the legal notice of foreclosure in the public records portion of your credit report. There may be other state laws which extend this statue of limitations. The Fair Credit Reporting Act is worded "...whichever is longer..."
If you had a foreclosure two years ago and filed a chapter 13 bankruptcy last year that was dismissed when will you be able to get a new mortgage?
In theory you can get a new mortgage anytime, but it is going to be more dependent on your credit score, how much equity you have, and your mortgage payment history over the past 12-months. Your grading will be determined by how long ago you filed the BK and how long ago the foreclosure was filed, but you should be able to qualify for a new mortgage loan.
How long is your credit affected after a foreclosure?
Usually a foreclosure will lower a person's credit score by 250 points, and sometimes by as many as 280 points. The foreclosure stays on a person's credit report for seven years.
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.
Can I lose my house in Wisconsin because I have bad credit?
As long as you were given a mortgage and are keeping up the payments, you are not likely to lose it. However, if you fail to make payments on time, bad credit is likely to increase the chances of foreclosure.
