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Answered 2009-08-14 18:19:32

Call the mortgage company and ask why the payments are not being reported (its illegal to NOT report payments) Further, you can call the credit bureaus, and they will request the information from the mortgage company. Realize, that in some instances credit reporting can be suspended.

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Can a mortgage company continue to report your debt as late after the bankruptcy is confirmed and you have continued to make monthly payments on time?

Payments in the last 12 months are reported on your credit report. The BK 7 and the previously late payments will continue to show on your credit report, but eventually your ontime payments will be the ones showing. You may be able to get a statement that the house was redeemed in the bankrupcy, but all late notices for the past 12 months and/or a notice of foreclosure will remain.

My mother passed away I have siblings and no one has reported her death to the mortgage company we can't afford the house payments is it the law that you have to report it to the mortgage company?

No, once the mortgage company begins the foreclosure process they will find out that your mother is dead. This will not stop the foreclosure process. The only way to avoid that is to make the payments.

Are mortgage companies required to report payments every month?


How many missed mortgage payments before it is placed on your credit report?


Does making extra principal payments to your mortgage have any affect on your credit rating?

Yes, it will shorten the time in which the mortgage is on your credit report.

Can a mortgage company report a foreclosure?

Yes. A foreclosure can be reported by the entity that foreclosed, by the servicing agent for the entity that owned the mortgage when it was foreclosed or by a mortgage company if it held the mortgage when it was foreclosed.

Does the lender of a second mortgage have any recourse if the payments become late?

Yes, they will report the late payments to the credit bureaus which will damage your credit score, and if enough payments are missed can commence a foreclosure action on the property.

Do mortgage payments due on the 1st but made before the grace period ends effect credit scores?

As long as your mortgage or other payment is received by the loan company within the grace period which is usually 15 is paid on time and does not show a late payment on your credit report.

How does one find the best mortgage rates when wanting to refinance?

The first thing you want to do is have a current credit report which shows all 3 reports. Once you have your credit report you can "price shop" different banks and mortgage company. A good place to start would be with your current mortgage company and see what they can offer you.

If a loan is not reaffirmed in bankruptcy but you continue to voluntarily make payments can the loan company report you to the credit bureau if you're late with these payments?

According to my mortgage company, "no." However, the bad part is that you continue to accrue late charges and in the event you accidentally missed a payment, they don't make the standard courtesy calls. They cannot pursue the money once the BK is complete.

How does a private mortgage holder report late payments to credit bureaus?

In order to report information to the credit bureaus, a company or individual would have to become a contributing client of the bureaus. There is an expense involved and there are also federal statutes which must be followed. So, for the most part, private individuals do not report to the major credit reporting agencies.

What form is required to report payments by a company to a self-employed person?

this should be a 1099

My mortgage company is asking for explanation on two things that show up on credit report How come three that I know about did not show up on credit report they pulled?

It's possible that you have done business with a company somehow connected with the mortgage company. This being said, they may have some sort of inside information on your payment history in their internal system. Your credit report as you view it is the same as the mortgage company's view so this is the only explanation I can think of.

Will 60 days late mortgage payment effect your credit?

It could. It depends upon the company's policy on when to report late payments: some report after fifteen days, some may allow several weeks or months. If you cannot pay your mortgage it is best to contact the company and ask them to work with you during your financial hardship. Doing nothing is usually the worst thing a borrower can do for his/her credit score.

What can i do if i am listed as a cosigner and my spouse took the car and left the state?

i would report it stolen. if the payments are made the loan company can and probably will come after you for the money. If you report it stolen to the cops you can at least report it to the insurance company and the loan company and that should remove your responsibility.

Mortgage Qualifier?

Mortgage Qualifier The first step in buying a house is determining your budget. This calculator steps you through the process of finding out how much you can borrow. Fill in the entry fields and click on the "View Report" button to see a complete amortization schedule of your mortgage payments.

Can you get a home loan with a judgment on your credit report?

It is up to each mortgage company to determine a person's credit worthiness and likelihood to pay a mortgage loan. Mortgage companies may not approve loans if there are derogatory credit items on a person's report, but this decision is often based on many factors. A judgment will appear on your credit reportfor seven years from the filing date.

How do you report Home Mortgage paid to a private lender to the IRS?

Report the mortgage interest on Schedule A, just like you would any other mortgage. If they do not issue you a mortgage interest statement and report it to the IRS, you will need to provide additional information.

How can you get a truck leasing company to report payments?

In order for a company to be able to report credit information, they must be a member & also have a certain number of clients (last time I checked it was over 250 clients).

If the mortgage on your home was not reaffirmed after bankruptcy can the mortgage holder report on your credit report?

I can only speak from my own experience. It does indeed appear on our credit report and also states that the mortgage company is filing a claim against us--even though we did not reaffirm the loan. Completely wrong and I've disputed it many times with ALL the credit bureaus but they will not remove it. I'm not sure if there's a government organization that can help force the mortgage company to report correctly to credit bureaus or one that can force the credit bureaus to actually DO an investigation when you dipute it. No win situation, I'm afraid

How long a Preliminary title report good from the time of mortgage application?

The title report should be dated as to the date the examination covers. When the mortgage is recorded the title report will need to be updated up until the recording of the mortgage.

Mortgage lates after filing chapter 7 Can a mortgage company report lates after filing of a chapter 7 and before a discharge?

Yes. That reporting to a credit agency of an item of fact, is not an attempt to collect the debt. Your not expecting you mortgage debt to be discharged are you?

You co -signed on a mobile home in 1996 The primary person on the account has had some late payments and the loan has been sold to another mortgage company how long is the report to stay on your credi?

This could stay on your credit report for as long as 7 to 10 years if the company continues to report to the credit reporting agency. If they don't it could drop off in 3 years. I work for a used car business and pull credit reports all the time. I have great knowledge in this area.

What will a foreclosure do to your credit report?

Foreclosure is, without question, very damaging to your credit report. All item on your credit report stay there for 7 years, so consider looking into other options. 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 one get a mortgage after suffering bankruptcy?

"Bankruptcy status remains on a person�۪s credit report for 10 years, but mortgage lenders want you to hold off on getting a mortgage for at least two or three years. If your post-filing debt payments have been reported to your credit agency as being on time, and you have steady employment, your chances of getting a mortgage financed increase considerably."