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remove eroneous foreclosure quickly

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tenacity
New Member

remove eroneous foreclosure quickly

my father is trying to buy a property and has always had good credit 720+. He owns 12 properties and only 2 small mortgages. he has pre approval for a new loan but a derogatory showing a foreclosure proceeding against an unknown property is now appearing on his credit and screwing up his deal. How can this be removed and how long will it take?
Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: remove eroneous foreclosure quickly

A rapid rescore can remove a genuine error provided you have documentation that it is incorrect. A letter from that company stating that it was an error will be the only thing that will work in a rescore situation.
Message 2 of 3
DallasLoanGuy
Super Contributor

Re: remove eroneous foreclosure quickly

the lender should be able to do a rapid rescore if it is indeed erroneous
 
Retired Lender
Message 3 of 3
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