topic Re: Mortgage reporting in Bankruptcy

Mortgage reporting

bikin57 — Wed, 21 Mar 2012 20:16:26 GMT

I have a mortgage with Chase and as normal in a Chapter 13 there is no reporting of my on time payment during bankruptcy on my credit report. When I'm all done next May will any/all of those on time payments show on my report or is all them time just a empty hole on my credit.

Re: Mortgage reporting

fused — Wed, 21 Mar 2012 20:23:39 GMT

Moving this thread to the BK forum.

Re: Mortgage reporting

Comet21 — Fri, 23 Mar 2012 14:29:55 GMT

I am not 100% sure, but I think it depends on your bank. If you continue to push them they will probably work with them. I am having the same issue but I just filed in January and I have not been discharged yet. I have contacted the bank and auto because we reaffirmed those debts. I have not heard back from the bank(Bank of America), but I have heard from our auto(BMW). They said that they would start reporting once our case is discharged because until then I could pull bak the reaffirmation and not be liable for the debt. So I literally right now I have no credit on my reports. I have $0 balances all the way up and down my report. Hopefully I can get those to report and my student loan. I have never been late over the 4+ years of payments.

Re: Mortgage reporting

beamMEup — Fri, 23 Mar 2012 21:19:55 GMT

During and after a CH 13 BK, any mortgage will accurately report as IIB.

If they are not reporting, that is fine as well. You lose the clean reporting, but also the IIB notation.

Were you ever late on the mortgage?

Our mortgage did report - but it was inaccurate. When we asked for a thorough account review, they deleted it from two of our CR's and the third CR reported it as clean and paid on time. I can't recall if it reported during the BK or not - sorry!

Re: Mortgage reporting

bikin57 — Tue, 10 Apr 2012 01:04:31 GMT

I was late once but that was years ago. What is IIB??

Re: Mortgage reporting

MarineVietVet — Tue, 10 Apr 2012 01:50:53 GMT

bikin57 wrote:
I was late once but that was years ago. What is IIB??

IIB = Included in Bankruptcy

Here is a list of Abbreviations.