FORCLOSURE / BK DISCHARGED 10/2008

CreditLadi · ‎05-14-2009

Hi all! I'm new to the forums and have a question. I've been rebuilding since December 2008 (immediately after my BK was discharged. I had a mortgage that was IIB but it was sold to another lender and forclosed and it just popped up on my credit report today 5/14/2009.

I currently have 6 CCs with limits ranging from $300-$4500 all paid as agreed and a $1474 balance on the $4500, a new car loan, Crown Jewelers $2500 CL all are new accounts - opened between Jan - May 2009.

No collection accounts.

My FICO scores are TU 568 and EQ 642.

Hopefully I've supplied enough info, if not please let me know and I'll give more.

Thanks!

How bad will this hurt my score?

AndySoCal · ‎05-14-2009

What happened to the mortgage account during the bankruptcy? is the foreclosure correct?

FIC Scores XPN v8 805 V2 831 (SDFCU) TUC V 8 800 07/25 EFX Bankcard v8 822 EFX FIC0 v8 807 Vantage score 4.0 817 via JC Penney
JC Penney 10/2008 4,700 US Bank Cash 08/2010 12,000 Citibank Custom Cash 5/2015 14,100, State Dept. FCU 06/2023 25,000 02/2024 Redstone FCU Signature VISA 10,000 08/23/2024 Commonwealth Credit Union 15000 07/25 Walmart One 5000 12/04/25
Banking: Lafayette FCU Fortera FCU State Department FCU Redstone FCU Hughes FCU Commonwealth FCU
My personal blacklist Axos Bank, Bank of America, Synchrony Bank Capital One TD Bank Comerica Bank BMO US Bank Wells Fargo

CreditLadi · ‎05-14-2009

The mortgage was included in the BK and has been since deleted from EQ and the late payments were removed from TU. Now that they sold the note to a NEW lender, they (the new lender) are the company who's reporting the Foreclosure.

CreditLadi · ‎05-14-2009

During the BK I asked to surrender the house and I moved out in Nov. 2008 and I didn't hear anything else from the OC. On my credit report the OC's has a statement that says the account was Transfered/Closed.

CreditLadi · ‎05-14-2009

BUMP...

Anonymous · ‎05-15-2009

Hello,

I can't help you, but since your question was more of a scoring question than rebuilding, I moved your post here to the GCI board where I hope you can get some better input.

Having a new foreclosure report could likely do a lot of damage. I don't know much about BK and the laws of it, but maybe someone can chime in on how they have reported and if they have reported correctly.