QUESTION
How long does my foreclosure on public record 12 years later?
Asked on May 09th, 2012 on Foreclosures - Wisconsin
More details to this question:
My home was foreclosed in 2000 and sold a few months after the fact. This is still showing on my public record for the full amount. Can the mortgage company do this?
5 ANSWERS
That depends on what you mean by a "public record." Derogatory information on your *credit report* should be deleted after seven years after the last transaction on the account took place - in this case, the foreclosure. If it is a credit report, simply write the credit reporting agency and they have a thirty day window to respond to your complaint or remove the offending information under the federal Fair Credit Reporting Act.
Answered on May 14th, 2012 at 8:55 PM
Criminal Defense Attorney serving Deltona, FL
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R. Jason de Groot, P.A.
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It is a final judgment against you and will be on the public record forever. The mortgage company did not do this. It is the law. They merely foreclosed on you and got the property put into their name and then sold it. They apparently did not seek a deficiency judgment, and you should be glad that they did not. Judgments in Florida are good for 20 years if they are recorded properly.
Answered on May 14th, 2012 at 8:53 PM
Bankruptcy Attorney serving Phoenix, AZ
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Law Office of D. L. Drain, P.A.
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Debts are only to stay on your credit for 7 years. File a dispute with all three credit reporting agencies.
Answered on May 14th, 2012 at 8:48 PM
Bankruptcy Chapter 7 Attorney serving Los Angeles, CA
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Bereliani Law Firm, PC
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Typically it should've fallen off by now. You can contact the credit bureaus to request it to be taken off your credit report as it's not valid at this point.
Answered on May 14th, 2012 at 8:44 PM
4 Awards
It is supposed to seven years maximum, though it can be extended up to 10 years when there has been a judgment.
Answered on May 14th, 2012 at 8:43 PM