Looking for input from any credit experts out there. Walked away from a mortgage with a 1st and 2nd mortgage - property was foreclosed on January 4th, which wiped out the 1st and I settled with the 2nd mortgage end of last year. Ran TU and EQ report on myFICO today and want to know which of the following items I can dispute:
1st Mortgage
TU reports $0 balance, says Foreclosure in the comments, lists current status as 120 days late and Scheduled Payment Amount = $1,625
EQ reports $508k balance, says Foreclosure in the comments, lists current status as 120 days late, past due amount as $46,175 and scheduled payment amount = $1,625
I am disputing with EQ the balance and past due amount as should be $0 now that home has be foreclosed on. Question is should I dispute 'current status' of 120 days last and schedule payment amount? I'm no longer scheduled to pay anything since the bank took the house back and my current status is foreclosed, not 120 days late.
Does the fact that the report shows a scheduled payment amount make a difference in the score?
2nd Mortgage
TU reports $0 balance, current status 120 days late, transferred to recovery in comments
EQ reports $0 balance, current status pays as agreed, account settled for less in comments
I'm disputing with TU to update to settled. Again, should I disupte that current status is 120 days late?
Appreciate hearing others feedback/experience with disputing these details.
Thanks!
