QUESTION
How do I get the Credit Bureaus to remove the foreclosure on my credit?
Asked on Jan 23rd, 2013 on Foreclosures - California
More details to this question:
I did not reaffirm on either 1st or 2nd mtg. in my chapter 7 bankruptcy. Credit Union went through forclosure process to get title back in their name. Forclosure is showing on my credit and lenders in Colorado tell me that I have to wait 3 years after forclosure to be able to get financing. Because I did not reaffirm the mtg's were already discharged, how do I get the credit bureaus to remove the foreclosure so I can apply for lending to get another house in Colorado? I do have more than the required 20% down.
1 ANSWER
Bankruptcy Law Attorney serving Whittier, CA
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Goldbach Law Group
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Having a foreclosure on your credit report can seriously hurt your chances of getting a new home mortgage or even other types of credit, including personal loans and credit cards. Credit Bureaus have a right to report foreclosure information that is accurate and has not reached its reporting expiration date. But you can have old foreclosures, and foreclosures that are not yours, removed from your report.
Answered on Jan 24th, 2013 at 12:56 AM