topic Re: Short Sale (Wells Fargo) - how long to report on credit? in Mortgage Loans

Short Sale (Wells Fargo) - how long to report on credit?

Anonymous — Mon, 17 Sep 2012 19:45:26 GMT

Our short sale closed on 7/13/2012. So far it hasn't reported on our credit. Is there a timeframe in which the mortgage company must report the short sale? I was under the impression it took about 60 days. I'd really like to know how much our score is impacted.

I have ScoreWatch set up and I'm hoping this will alert me when it's reported? I have my goal score set to my current actual score, so hopefully when it changes (down) it will alert me. Can anyone confirm this?

Re: Short Sale (Wells Fargo) - how long to report on credit?

Anonymous — Tue, 27 Nov 2012 17:27:59 GMT

Any updates on this? Would really like to know when it posted and how much it affected your credit.

Re: Short Sale (Wells Fargo) - how long to report on credit?

Anonymous — Tue, 27 Nov 2012 18:11:14 GMT

It reported to credit agencies 77 days after the closing date.

Credit was 762, now is 686. It was reported as "Account paid for less than full balance"

Re: Short Sale (Wells Fargo) - how long to report on credit?

Anonymous — Tue, 27 Nov 2012 23:20:07 GMT

@Anonymous wrote:
It reported to credit agencies 77 days after the closing date.

Credit was 762, now is 686. It was reported as "Account paid for less than full balance"

Thanks for the information. Did you have any late payments prior to the short sale completion?