@Anonymous wrote:Thank you Skeechan and everyone else,
I did pull my 2 reports (TU and Equifax) from annualcreditreport.com. I have to send in a form to get one for Experian...
On my TU I do see the date that they are to be removed. YEAH! I never knew those dates before today!!
There is a line of credit, home equity loan that puzzles me though. It isn't a foreclosure so I am not sure it will hurt me as much. But, it won't be removed until a year after all the foreclosures. That's bad.
Is a home equity loan (line of credit) considered the same as a foreclosure? It says that it was 'SETTLED-LESS THAN FULL BLNC<; CLOSED'. Estimated month and year that this item will e removed: 04/2018.
I want to get a loan next summer when all my other foreclosures will be gone off my CR. But this is one I have never seen before.
Just my 2 cents on your unanswered question. Your HELOC became an unsecured loan.. like a CC ... after your foreclosure. I did a short sale back in 2010, the HELOC bank refused to forgive the definency. I had to file for CH7 as they started to offer settlements and turned my account over to a collection agency. IMHO you're fortunate that yours was forgiven.
Together my partner and I bought the house and took out the mortgages. His credit report showed the Charge OFF from the HELOC bank and at this point they have never filed for a judgement. Both the 1st mortgage and HELOC fell off 2 of his credit reports 8 months early (from 7.5 years) and his credit score for those 2 bureaus increased over 40 points each. I gained 2 to 4 points on all three CS when these IIBK TLs fell off my report. There is a big difference!
I can't blame you for wanting to wait until these TLs are deleted. However as others have stated and in IMO a broker is the way to go. Best of luck on your endeavor!! 