Hello , been reading the forums and I have seen some great advice and figured I would join.
To to make a long story short , 2012 - 2014 was a miserable time in my life , I lost my wife and child , which led to a downward spiral to say the least. I eventually lost my job , fell behind on my mortgage , etc. With the help of family and friends, I was able to get back up and continue to march forward.
Recently I have started reviewing my credit as i am looking to purchase a home again. My FICO mortgage scores are surprising in the 690-710 range , I was actually quite surprised.
I did notice one descrepency.
My original home loan was through CitiMortgage. The first recorded 30 day late was 2/2012. I was never able to catch up to bring the account current. Varied between 120-180 days late from that point forward.
In Oct of 2014 Citi transferred my loan to GreenTree / Ditech, who eventually foreclosed the property a few months later.
I reviewed my Ex , TU and EQ credit reports yesterday. The CitiMortgage account was removed which helped my score I am assuming. What I was surprised to see was the Ditech / Green Tree information. This was not a new loan, modification, it was sold and I really had no choice. GreenTree / Ditech are reporting a first delinquency date of 12/2014, which obviously stays on the report much longer. This morning I tried calling Ditech, after waiting about 45 minutes, they pretty much couldn’t / wouldn’t tell me anything once I started asking about the mortgage transfer.
On the way home from work I stopped by the County Clerks Office and requested all filings on my property during this period of time. There was the deed to the original mortgage, the transfer or said mortgage and foreclosure sherif deed. The transfer of mortgage and sheriff deed both reference the original mortgage. So I am assuming there was new mortgage.
My question is why is Ditech / GreenTree reporting a different date of delinquency? Reviewing the FCRA and other posts, delinquency and late payements aren’t “restarted” if a loan is sold or transferred.
obviously the way things read would effect my mortgage rate and such. The mortgage banker suggested I contact the Credit Bureaus with these documents for a resolution. Not sure what i should do!! Any thoughts ?
