@Anonymous wrote:hello everyone,
in my situation i had a home go through forclosure in 2008 and in my credit reports it shows the last activity was in 2009 but the status date shows march of 2014. what does the status date mean? i know it takes about 7 years for any negs to fall of history and was hoping it would soon since those years are coming up. my concern is the "timer" starts from the status date and not the last activity. could anyone shedsome light on this? sorry if my explantion of my situation is horrible.
Welcome to My Fico 
The timer is from the DoFD (date of first delinquency) on the mortgage not the status date or date of last activity (DOLA).
@Anonymous wrote:thank you for the welcome. how do i find the DoFD?
If you look in the payment history it would be the 30 day late that leads to the account being COed, this is a typical history when one stops making payment on an account 30 60 90 120 150 CO (not all the bureaus post 150 I understand) but the result would be the same, the month/year where that 30 is that is the DoFD.
@Anonymous wrote:im even thinking about using a company that offers to fix and\or remove neg factors off CR but i dont know how that works and im very hesitant throwing money at somehing i dont understand.
Do some research in the Rebuilding forum for your specific derogatories, even ask for help, before going down that road. There's nothing they do that you can't, and you can usually do it much better; however, it does take some time.
I want to add a little info. as stated the foreceloser will drop off the repeport at 7 years after first default BUT the clock for getting another mortgage begin from when the foreclosure was completed. so the data when the deed was transfered. I have a foreclosure in my past unforunately as well. So in my case the dofd was October of 2009 (so it will fall off reports on 2016) BUT the deed did not change until June of 2010 which means the clock to attain another mortgage did not start until 6/10. I did close on my home with FHA last November. And will refinance into conventional (asumming rates don't go up and make it not financially sound) later this year/early next year when the foreclosure is over the 5 year mark. (that is when the mortgage banker i have been and continue to work with can get me a conventional mortgage (5 years post).
Good luck
