I just started working on raising my credit score after a foreclosure.
We had a rental house foreclosed. The last payment we made was in September 2007. Mortgage company (Everhome) foreclosed in February 2008 and house was sold in August 2008.
This is the first time I have actually ever even seen my credit reports so I have no idea what it was right after the foreclosure, but now I am 600.
My question is that on my transunion and equifax reports the mortgage company is still currently reporting that I am >120 days late, month after month since Feb 2008. On my experian report it shows the 120 days last shows up Feb 2008 and then foreclosed after that.
All three companies say that foreclosure preceedings started.
Should they appear that way? Shouldn't it change that the foreclosure is finished? Or maybe it isn't finished and I just don't realize it?
Anyone know?
Thanks in advance!!
how a foreclosure SHOULD appear on your credit score
Hello paj,
The proceedings of the foreclosure will appear on the credit part of your credit report. Then a separate listing of the legal filing will appear in the "public records" part of the report. it will reflect the date the legal action was filed.
So I think you should write a letter to the credit bureau, asking them about the details.
Thanks,
Aaron