Foreclosure after discharge question

andersk08 · ‎09-20-2014

I was granted a Chapter 7 discharge in late 2011. I moved out of the house I was living in after the discharge. Today I read in the paper that US Bank received a judgment to foreclose in July and the sale will take place at the courthouse in October. Will this report as a foreclosure on my credit report? Its now reporting "discharged in Chapter 7 Bankruptcy". Thank You

Starting Scores: ( 9-9-14 )
Equifax FICO - 507 TransUnion FICO - 580 Experian FICO - 535
Current Scores: (10-08-14)
Equifax FICO - 552 TransUnion FICO - 639 Experian FICO - 609
ALL pulled from MyFico 3 Bureau Monitoring
Goal Score - 650 Across the board ( For Starters )

0REDSOX7 · ‎09-20-2014

Nope - your mortgage tradeline on your credit report will forever read a zero balance and IIB.

Any thing other than that is considered a violation of the BK discharge and can net you some cash if they change it. The good news is once the deed changes hands, that starts your eligibility for new mortgage!

BK Discharge 2/11/14

Currently in the garden.

andersk08 · ‎09-21-2014

Excellent. I wasnt sure it the bureaus would pick up the judgment and report that as well. Thanks again

Starting Scores: ( 9-9-14 )
Equifax FICO - 507 TransUnion FICO - 580 Experian FICO - 535
Current Scores: (10-08-14)
Equifax FICO - 552 TransUnion FICO - 639 Experian FICO - 609
ALL pulled from MyFico 3 Bureau Monitoring
Goal Score - 650 Across the board ( For Starters )