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Can a foreclosure go onto your credit report if it is your deceased moms house and it is in probate?
Any information regarding the payment history, performance, or resolution of a debt that is reportable to a credit reporting agency can only be reported for parties who obtained the debt. This means you would only see reporting on under your name if you co-signed for the mortgage loan that defaulted.
The actual foreclosure action on a home does not report to a credit agency any more than the sale of one does. What reports as "foreclosed" is the mortgage loan that did the foreclosing. This will only be reported on the credit for those who signed for and obtained the debt under which the home was foreclosed.
For example; if you own a home that is paid off and for which you carry no loans, you fail to pay the taxes, and the county "forecloses" by selling your home at a tax sale, you will not have a foreclosure reported on your credit report.
What else can I help you with?
What is the law concerning 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 Fair Credit Reporting Act requires creditors to report your account accurately, and the credit bureaus are required to maintain records that match the reporting. The bureaus are not responsible for the accuracy of the reported account information as they do not have access to the account records for each creditor. If you dispute the accuracy of an item, they request a response from the creditor, at which point the creditor must either show that your dispute is invalid, that your dispute is indeed valid, or fail to respond in a timely manner (failure to respond will mean the dispute is accepted and the item corrected or removed).
Is my credit score on my credit report?
Your credit score is determined from the data on your credit report. Most credit reporting sites sell or give away for free a credit score with your credit report. Some site only give away a credit score. So, the answer to your question is, yes, your score generally comes with your credit report but it is not always included.
How will a short sale effect your credit score?
A short sale can have a negative impact on your credit score because it indicates that you were not able to repay the full amount of the mortgage. It may lower your credit score by several points, depending on your current score and credit history. However, the impact may be less severe than a foreclosure.
How long does a satisfied judgment stay on your credit report WA?
A paid judgment stays on a person's credit report for seven years. An unpaid judgment also stays on the report for seven years, but may be renewed. Tax liens are another item that stay on a credit report for seven years, if paid. If not paid, they remain on the credit report indefinitely.
How does the winning plaintiff have a judgment entered on the defendant's credit report?
Plaintiff's do not enter a judgment on the defendant/debtor's credit report. Private agencies research court records and report civil lawsuit judgments that have been entered against a debtor to the credit bureaus.
How long does a foreclosure stay on your credit report?
A foreclosure will typically remain on your credit report for seven years.
Is there still a past due amount on your credit report after foreclosure?
The foreclosure will be on your credit report indefinitely.
When someone is deceased can their credit report be viewed online?
No. Credit reporting bureaus will not allow access to the report without an order from the probate court. Such an order is usually only granted to the named or appointed executor or executrix of the deceased's estate.
How long does foreclosure stay on your credit report?
A foreclosure will typically remain on your 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 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.
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.
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
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.
Will a deed in lieu of foreclosure go on your credit report?
Yes.
Has the credit reporting agency mistakenly reported you as deceased on your credit report?
If a credit reporting agency has mistakenly marked you as deceased on your credit report, you should contact them immediately to correct the error.
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.
