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Frequent Contributor
fuzzybean
Posts: 305
Registered: ‎04-04-2012
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Mortgage that was IIB?

[ Edited ]

Should a mortgage that was included in bankruptcy be showing under negative accounts on the credit report?

 

And, are they supposed to be reporting the lates in with it?  I thought that wasn't allowed.

 

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AndySoCal
Posts: 1,937
Registered: ‎04-07-2009
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Re: Mortgage that was IIB?

A bankruptcy is considered a mjor derogatory. Are the lates prior to the BK and which bureau(s) are reporting it?

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fuzzybean
Posts: 305
Registered: ‎04-04-2012
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Re: Mortgage that was IIB?


AndySoCal wrote:

A bankruptcy is considered a mjor derogatory. Are the lates prior to the BK and which bureau(s) are reporting it?


I understand the impact of the BK.  Yes, the lates are prior to BK. 

 

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Shogun
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Re: Mortgage that was IIB?

Then I believe that it is reporting correctly.  When was the bk?


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Frequent Contributor
fuzzybean
Posts: 305
Registered: ‎04-04-2012
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Re: Mortgage that was IIB?


Shogun wrote:

Then I believe that it is reporting correctly.  When was the bk?


I thought things included in BK weren't supposed to show payment history.  BK discharge was 12/2007.

 

Frequent Contributor
fuzzybean
Posts: 305
Registered: ‎04-04-2012
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Re: Mortgage that was IIB?

[ Edited ]

Does anyone know the answer to this?

 

Should a mortgage IIB be showing under negative accounts with the late payments (well all the payment history) showing?

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AndySoCal
Posts: 1,937
Registered: ‎04-07-2009
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Re: Mortgage that was IIB?

I know of no of nothing that prevents a creditor from reporting lates on a BK account.  Since they wer prior to the BK I do not see a problem If it was during the BK I would have an problem withat because the court is in control of the payments and not you.  The lates reporting must 5+ years old approximately. even if they were not reported I am not usre how much impact it would have on your score.

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