Identity Theft

[paid2win]

I purchased a home 13 years ago and was a victim of identify theft 4 years ago. My mortgage is still reporting under my old social security number and is current but I would like to purchase a second home. Informed my mortgage company of my new social but they have yet to change it. My credit scores are all 690's. I can put down 20 percent on a new home or pay off my old mortgage in full but would like to keep the current home as rental property. Just received a big payday for $220k this month and will pay my credit cards down to 15 percent. After this I will have $170k in reserves. How can I purchase a new home now after the identity theft is still now reflecting my current mortgage on my credit report? The price of the home I would like to purchase is $525k. It's been a battle establishing credit the last 4 years but since I found this forum it's opened up so many opportunities. Thanks for any assistance. (PS currently professional license for the last 15 years in the same profession.)

[cedski]

I purchased a home 13 years ago and was a victim of identify theft 4 years ago. My mortgage is still reporting under my old social security number and is current but I would like to purchase a second home. Informed my mortgage company of my new social but they have yet to change it. My credit scores are all 690's. I can put down 20 percent on a new home or pay off my old mortgage in full but would like to keep the current home as rental property. Just received a big payday for $220k this month and will pay my credit cards down to 15 percent. After this I will have $170k in reserves. How can I purchase a new home now after the identity theft is still now reflecting my current mortgage on my credit report? The price of the home I would like to purchase is $525k. It's been a battle establishing credit the last 4 years but since I found this forum it's opened up so many opportunities. Thanks for any assistance. (PS currently professional license for the last 15 years in the same profession.)

 

A decent broker should be able to rapid rescore your credit adding the other mortgage..........failing that a VOM will satisfy a mortgate history question........

[paid2win]

Thanks could you explain what a VOM is.

[liverichly]

VOM stands for Verification of Mortgage, it's a form that asks the mortgage payment history for the past 12-24 months.