Is this a tax lien?

[Anonymous]

I foreclosed on a FHA home loan in 2006. Part of the process was they withheld my federal income tax return until the remaining balance was paid, after the home was sold/auctioned, for a few years. The final year of that was May 2012. I have an entry on my credit report from "US Department of Housing and Urban Development" showing the balance to be paid in full.

My question is, before I start anything, and please forgive my ignorance, but is this a tax lien? I have tried googling, but all the results are pertaining to how to get an FHA loan with a tax lien.

Once I figure it out, I can maybe start with the IRS's Fresh Start Program.

Thanks in advance!

[Anonymous]

No, thats not a tax lien. Thats HUD seizing your taxes for a foreclosure deficiency. Different animal entirely.

Not sure why it would still be showing up on your reports, if the foreclosure was in 2006 though. Can you post a Screenshot?

[Anonymous]

Thanks for the input. Here is a screenshot of it.

http://m.imgur.com/3KI6RWu

Any suggestions on how to get this removed?

[cartwrna]

It looks to be past the date of which it can legally be reported. The DOFD would be the point at which you first went delinquent, they can report for 7 years + 180 days past the DOFD. Although they are usually removed right at or close to the 7 year mark. Looking at the screenshot it looks as if they have the DOFD in 2012, although the payment history shows otherwise.I would file a dispute challenging that it is past its legal reporting date and ask that it be removed.

[RobertEG]

The reference to the fact that it was under collection must be excluded.  It is past the 7 years plus 180 days from DOFD.

However, the monthly delinquencies each can remain for 7 years from their individual dates of occurence.  They do not all become excluded togehter based on DOFD.

[gdale6]

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@Anonymous wrote:
Thanks for the input. Here is a screenshot of it.

http://m.imgur.com/3KI6RWu

Any suggestions on how to get this removed?

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They have the DoFD completely reported in error they are saying it was in 2/2012 and that is clearly wrong. I would dispute this with the CRA and once the correct DoFD is reported the whole TL should be removed from your CR, I would request that in your dispute as well..

[cartwrna]

RobertEG, I understand what you are saying, but wouldn't that only be true if the account was not a charge off/collection status? Due to it becoming a charge off/collection the whole trade line should be removed based on the correct DOFD which was clearly more than 7 years ago.

[Anonymous]

Thanks for all the input. Much appreciated!

How would I go about getting this removed?

[cartwrna]

I would dispute it with all 3 CRA as being past the date of which it can legally be reported, and ask for immediate removal. There is a section which you can detail why you are disputing.