Credit Card Center Advertiser Disclosure†
07-17-2014 03:20 PM
I am glad to say that this just happened to me as well! They are removing (supressed) the CAIVRS I am so greatful, thank you Lord! Once it was removed, were you able to move forward?Did you purchase a home @Greatful and @ChetBrown56? How can I get confirmation that it was really removed?
07-17-2014 09:27 PM
07-18-2014 08:58 AM
You bet glad we could pass it on. We wouldn't have our home today if I hadn't found the forum. My lender said she will keep the info for future home buyers, was so glad I found the forum so it saved our loan.
07-18-2014 09:05 AM
I was a little different of a situation. I learned about the CAVIERS file before my mortage process. So as soon as it was supressed I started my loan process. When I received the email back, the person said that it was supressed. I called my lender and had him check and it was not there.
You can call the same number that was listed on the report and have them see if it is still on the report. I'm glad that this post is helping everyone out. No one was available to answer my questions and I had to put alot of research into the topic. Just pass the knowledge forward. Even to loan officers and realtors.
08-10-2014 11:31 PM
Our eligible date for another FHA is 6/3/2015 even though our home was foreclosed on 6/16/2011 per county records. Someone purchased our home in September 2011 but US Bank didn't bother to file the claim until June 2012.
I just sent my email a few minutes ago along with my proof as a .pdf file. Hoping, praying, wishing....crossing fingers, toes and eyes!!!
Will update if/when I hear back. Many thank you's to the original OP.
08-11-2014 01:43 PM
I really found this message board to really helpful, but I think my situation may be a little different so I need some advice. In 2009 I filed for bankruptcy and it was discharged. The mortgage that I had with Chase for the property that I owned was included in my bankruptcy. Chase foreclosed on the home 2010 and they acquired the home in 2010 through a sheriff's auction/sale. I am in the middle of trying to close on a house by the end of the month and my CAIVRS report was pulled and it said that I still have an active loan with Chase and that Chase never filed a claim. I spoke with a rep at Chase and she informed me that I was not liable for the loan if it was part of the bankruptcy, and she also stated that in her system it says that the home is pending payoff as of 083114 (she said it was for internal purposes). If a claim has never been paid how do I get my account updated for FHA purposes. Does Chase have a certain timeframe to file a claim or can they just let FHA know that the loan is no longer active. I also sent FHA a copy of the judgement, but they said they could not look into my file for suppression because the loan is still active. Any advice or knowledge would be greatly appreciated. I am waiting on my lender to get back to me with her attorney contact so that a letter can be drafted to Jamie Dimon's office to see if I get anywhere there.
08-11-2014 02:14 PM
We have taken care of the claimed FHA loan; your CAIVRS is clear.
That's the email I received today, OMG, stuff like this NEVER happens to us, lol. And to think we thought we had to wait another year before we could purchase another home.
08-16-2014 05:52 AM
My husband and I had a foreclosure on our home back in 2011. We are trying to purchase a new home that we had built for us. This would be another FHA loan. We have spoke with 4 different lenders from the time we started our build and none of them mentioned the CAVRS system. They all said that FHA goes by the sheriff sales date which was 4/2011. Which according to that would make us eligible now. My question is being the sheriff's sale was 4/2011 the insurance claim was never paid out to HUD until 5/2012 making us ineligible until 5/2015, that is a year later! We did not have to move out of our home until 4/2012 though, would it have something to do with that? I did email CAIVRS yesterday and got a reply back saying that they could remove the CAIVRS off of my husband(he was actually the only one on the loan) on 9/1/14. I did email asking why and how they came up with that date because I just like to know that information especially when we called the CAIVRS number and they say we can't do anything anything until 2015. Also, on our report they highlighted a date of 9/2011 saying we were ineligible for loss mitigation so would they use that date for the three years since it took them so long to pay the insurance claim out? Any help or information would be great!
09-30-2014 09:23 AM
I can't thank you enough.. I don't know how lenders don't know about this. I had CAIVRS issue that should have dropped off on 9/22/14 but it didn't so we were dead in the water until I found this post. It took less than 24 hours to fix my case.. BOOM! submitted my app to USDA on 9/26/1.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.