cancel
Showing results for 
Search instead for 
Did you mean: 

Foreclosure on CR?

Highlighted
New Member

Foreclosure on CR?

How long does it take for a foreclosure to show up on the CR?  I had two foreclosures that happened about 2 months ago but so far, nothing except the lates are showing up...
 
 
Message 1 of 8
7 REPLIES 7
Highlighted
Frequent Contributor

Re: Foreclosure on CR?

what state are you in if you dont' mind me asking.
God is keeping score....be good to others.
Message 2 of 8
Highlighted
Moderator Emeritus

Re: Foreclosure on CR?



pengu14 wrote:
How long does it take for a foreclosure to show up on the CR?  I had two foreclosures that happened about 2 months ago but so far, nothing except the lates are showing up...
 
 


That would depend on when they are reported to the CRA. Some have said that their foreclosure doesn't show, some say it shows right away. A few have noted that it showed when in pre-foreclosure.
-----------------------------------------------------------------------------------------------------
Free Annual Reports, Freq. Requested Threads, 5 Things We Don't Talk About, Common Abbreviations, Where do I start?, State Resources
Message 3 of 8
Highlighted
New Member

Re: Foreclosure on CR?

This is in California
Message 4 of 8
Highlighted
Frequent Contributor

Re: Foreclosure on CR?

Would that be a two loans on a one home? Like a 1st and a 2nd? Would that be on foreclosure or two?
05/12: approx 680 across the board
04/08 EQ: 730 TU: 748 EX: 718
03/08: EQ: 713 TU: ? EX: ?
12/07: EQ: 689 TU: 711 EX: 721
Message 5 of 8
Highlighted
Frequent Contributor

Re: Foreclosure on CR?

Californian's are lucky....you live in a non-recourse loan state which means the lender cannot come after you for the difference in price the house sells for at auction and what you owe. I wish Florida was like that.
God is keeping score....be good to others.
Message 6 of 8
Highlighted
New Member

Re: Foreclosure on CR?

Two seperate properties... the first of which foreclosed almost 3 months ago...
Message 7 of 8
Highlighted
Frequent Contributor

Re: Foreclosure on CR?

Well, as far as i understand it, the lates should show up first. Let's say you defaulted in June 2008 the actual foreclosure would be done around January 2009. In the meantime, you should have lates hitting your credit and lowering your score. I heard that a single foreclosure can lower your score by at 100 to 150 points. But if you can keep everything else current and in good standing, you will be able to recover that much sooner. Although even if you can rebound with a good credit score, it will be at least 2 to 5 years before you can get another home loan. FHA 2-3 years Conventional 5 - that is what I had heard....
05/12: approx 680 across the board
04/08 EQ: 730 TU: 748 EX: 718
03/08: EQ: 713 TU: ? EX: ?
12/07: EQ: 689 TU: 711 EX: 721
Message 8 of 8
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.