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Foreclosure = 2 negatives on credit report


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3 replies to this topic

#1 itrev82

itrev82
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Posted 10 February 2012 - 12:14 PM

Just wondering if I am thinking about this right - would a foreclosure equal 2 negatives on the credit report? 1 for a foreclosure (as a public record) and 1 for the actual mortgage account showing default.

Thanks



#2 by2

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Posted 10 February 2012 - 12:17 PM

Just wondering if I am thinking about this right - would a foreclosure equal 2 negatives on the credit report? 1 for a foreclosure (as a public record) and 1 for the actual mortgage account showing default.

Thanks


Greetings,

I have a foreclosure and it only appears on my credit report as a negative closed account debt no public record.

VR

#3 itrev82

itrev82
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Posted 10 February 2012 - 04:47 PM


Just wondering if I am thinking about this right - would a foreclosure equal 2 negatives on the credit report? 1 for a foreclosure (as a public record) and 1 for the actual mortgage account showing default.

Thanks


Greetings,

I have a foreclosure and it only appears on my credit report as a negative closed account debt no public record.

VR

Thanks for the reply - good to know.

#4 ladyran

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Posted 11 February 2012 - 09:10 AM

Unless you get a judgement that the CRA's may pick up the foreclosure will only report on the account once. CRA's at this time are not searching the public records and adding these foreclosures to the public records section of your credit report... yet!




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