topic Re: Early CAIVRS Removal in Mortgage Loans

Early CAIVRS Removal

ChetBrown56 — Wed, 02 Jan 2013 20:09:24 GMT

This is more of a public service announcement for people dealing with the three year waiting period after a foreclosure, to be able to get a government backed mortgage again. After foreclosing on my home in 2/1/2010, BOA took their sweat time filing all the government paperwork and my CAIVRS file did not get updated until 7/16/2010. Naturally that will disallow me from getting a loan untill 7/16/2013.

I called the 1-800 number to ask about the situation, and all they will say is when it will clear. I did however find the SF data request email for HUD, sent them an email asking to look into the situation. They said due to BOA having to purchase my loan and then not servicing it properly she will be able to move the date back to the 2/1/2010 date.

So if you have a foreclosure and it was with one of the mortgages that the government made another company buy, don't give up on the CAIVRS data that they give you. Email them and ask them to look at the file and to adjust the date.

That is all..

Re: Early CAIVRS Removal

Anonymous — Mon, 11 Feb 2013 23:38:31 GMT

This post is a Blessing! We are in the exact situation. Our foreclosure was finalized in January 2010, but the claim wasn't paid until November 2010.

What was the email address you contacted? We are supposed to close on our loan on the 23rd of February.

My wife and I greatly appreciate the help!

Re: Early CAIVRS Removal

ChetBrown56 — Tue, 12 Feb 2013 00:35:45 GMT

sfdatarequests@hud.gov.

The may not be able to actually clear the file by then, but they may be able to move the date of your suppression forward. What lender let you get all the way to a closing date without checking your caivrs??????

they were fairly quick to respond. the verbage they used was, on file for three years under normal circumstances. And the lender taking that long to file is not your fault.

Re: Early CAIVRS Removal

Anonymous — Tue, 12 Feb 2013 01:35:14 GMT

Thank you so much for your quick response. I will send an email to them first thing. I will keep you posted on their response.

Re: Early CAIVRS Removal

Anonymous — Tue, 12 Feb 2013 17:35:07 GMT

What was the 800 number that you called to get this information?

Its the 800 number listed on the actual CAIVRS record. It...

ChetBrown56 — Tue, 12 Feb 2013 17:37:32 GMT

Its the 800 number listed on the actual CAIVRS record. It will be unique to the agency that has filled the record.

So HUD, VA, Student Loans, or any other federal debt will have different numbers.

HUD is 800-225-5342

Re: Its the 800 number listed on the actual CAIVRS record. It...

Anonymous — Tue, 12 Feb 2013 17:42:13 GMT

I was looking for the HUD number. Thanks.

Re: Early CAIVRS Removal

Anonymous — Thu, 22 May 2014 20:24:59 GMT

I just want to thank you for posting this on the forum, we used the email address provided yesterday 5/21/14 and we just got an email back saying they will remove the CAIVRS

on us tomorrow. You helped save our loan. We are buying our home after a terrible foreclosure with B of A in 2010. Thank you so much for your information. We appreciate it more then we can say in words. Happy Homeowners again.

Re: Early CAIVRS Removal

ChetBrown56 — Thu, 22 May 2014 20:28:27 GMT

No Problem!! Glad that I could help.

Re: Early CAIVRS Removal

Anonymous — Fri, 23 May 2014 16:00:55 GMT

I have this happened to me, except the Bank never did its job to close the account. It was foreclosed on July 2010. I finally requested for HUD to correct the CAIVRs but there is nothing they can do to close the account - even though they know the Bank isn't going to close it anytime soon! Its amazing that the Bank can get away with. So, it still show that I have an account even though HUD cleared the CAIVRS issue. And, now I'm waiting to see if HUD will grant me an exception for a new loan. Its outrages and simply WRONG!!

Re: Early CAIVRS Removal

Anonymous — Fri, 30 May 2014 12:39:04 GMT

My Husband and are in a similar situation. Can you forward the exact verbage that you used to get removed from the Caivrs report? I would super appreciate it!

Re: Early CAIVRS Removal

ChetBrown56 — Fri, 30 May 2014 12:44:31 GMT

I took a shot in the dark and this is what I sent in.

Hello,

I foreclosed on a property in September of 2009, the FHA claim is still active on my CAIVRS report. Can you update my file and have it removed.

Thanks

Chet Brown

Case Number ***-******

It took a week and this is what I revieved back.

I was just reviewing the information. The default reporting and case history shows it was first reported delinquent by Taylor Bean and Whitaker. Then the servicing was transferred to Bank of America. We have seen many of these old TBW loans that had huge delays as TBW collapsed and Bank of America took over the loans. The CAIVRS rule is that a foreclosure claim must remain in the system for three years from the claim paid date under normal circumstances. The claim was paid on your loan on 7/15/2010. Three years from that date would be 7/15/2013, however we do recognize the TBW situation was not normal and delays in the foreclosure process outside of the borrowers control may have occurred. What I have reviewed shows the timeframe in which the claim should have been submitted by. Our records show the interest we paid in the claim was curtailed to 2/1/2010. Any delays after that date in processing the claim we normally consider the servicer’s fault and not the borrowers under normal circumstances. That brings me to suppression (clearing) of the claim on the caivrs system. As it has not been three years from 2/1/2010 yet, the claim will have to stay on the system for now, but I most likely will be able to clear it on or after 2/1/2013, just a month away. I will have to have my supervisor review the situation when he returns later this week to be sure I can suppress the claim on February 1st.

Hope this helps.

Re: Early CAIVRS Removal

Anonymous — Thu, 26 Jun 2014 15:01:40 GMT

I am so glad I found this forum with this email address! I had a foreclosure in 2010, but Bank of America didn't file the claim with FHA until 2013. My lender prequalified me for a loan without checking CAIVRS, since it has been more than 3 years since the date of my foreclosure and I have the foreclosure deed as proof, but at underwriting I came up on the list. I emailed them Wednesday night, 6/24 and heard back from them yesterday morning. They are waiting for the guy who handles CAIVRS supression to be in the office tomorrow, but they said they would let me know when it had been removed. I hope tomorrow it really does go through smoothly. We were supposed to close on our home tomorrow, but we are delaying till next week hoping this will be resolved quickly. I don't understand how FHA can hold borrowers responsible when they have no control over when the banks file claims, and they don't set a limit on how long after a foreclosure they can file the insurance claim. My lender said she had never seen this much of a delay in her 40 years of being in business. I still am not sure why they didn't check CAIVRS till the week before we were supposed to close knowing ahead of time I had a foreclosure. Praying this all gets sorted out and we don't lose this house. Worst case scenario, even if we lose this house, I hope HUD can take me off the list so I'm not blacklisted from buying a home for 2 more years.

Re: Early CAIVRS Removal

Anonymous — Thu, 26 Jun 2014 16:00:23 GMT

Our CAVRS was removed the next morning from the time my lender emailed them. I pray all goes well, we are moving into our new home and hope you get your new home soon. We waited 3 1/2 years for this day. It is a blessing to be a homeowner again. I think you will be good to go. Glad you found the forum

Re: Early CAIVRS Removal

Anonymous — Fri, 27 Jun 2014 16:51:46 GMT

Got the email this morning that my CAIVRS was supressed (removed) and we could proceed with our new loan. So grateful! We should still be able to close next week!

Re: Early CAIVRS Removal

Anonymous — Sun, 13 Jul 2014 21:29:47 GMT

I filled bankruptcy in 2010 & it discharged in 2011. The bank did not foreclose until 2014. I live in Washington State. I decided to purchase a new home and I'm in the process of finding out if I'm on the CAIVRS list. How can I find out if the bank followed guidelines & what can I do to have my name removed from CAIVRS.

Re: Early CAIVRS Removal

ChetBrown56 — Tue, 15 Jul 2014 18:43:29 GMT

What I have seen is when the bank delays the posting on your file after foreclosure, is when they will amend your file. Example: They Foreclosed in January and didn't file until August. That is when the Government will adjust your file.

I don't think that there is a rule on when a bank must foreclose, so if they did in 2014, then that is when the file will be updated with a foreclose. And you will not be qualified for another govt. backed loan until 2017. If they were supposed to foreclose as part of the bankruptcy, then you may want to contact the judge or your attorney.

So if you argument is with the Bank and the Bankruptcy agreement, I don't think this tread will help that much.

Sorry..

Re: Early CAIVRS Removal

Anonymous — Thu, 17 Jul 2014 04:57:00 GMT

Hi, I am in a similar situation and I know its been a few months for you. May I ask why they totally removed you cavirs file? Had it been past 3 years? I pray the same can happen with mine

Re: Early CAIVRS Removal

ChetBrown56 — Thu, 17 Jul 2014 12:23:03 GMT

The issue was that the bank took their sweet time filing the paperwork. They should have done it in February and they waited until the fall to file it. Since that was not my fault, the Government back dated it to the day that they paid out on the claim, which was February. So I still had to wait 3 years. Just three years from the actual claim data, and not when the Bank decided to file the paperwork.

Re: Early CAIVRS Removal

Anonymous — Thu, 17 Jul 2014 13:17:19 GMT

It had been 3+ years since the foreclosure, but not three years since the insurance claim on the house, but our lender emailed them and asked if they could help by removing it since it wasn't our fault that BofA took so long, and they emailed us back the next day and said they would have it removed the following day. Hope it all works out for you.