foreclosure impact on credit
If a home is foreclosed and sold, should the mortgage account as reported on credit report reflect this?
Five years ago someone bought a home in my name (three of them, actually. Long story!) The homes have since been foreclosed on and sold. The mortgage accounts for two of the homes listed on my credit report reflect the foreclosures and the accounts are listed as “closed” with a note that the accounts reached the maximum delinquency of 120 days. The mortgages for the third home, however, are listed as open and delinquent on my credit report, even though 1) the home has been foreclosed and sold and, 2) the account is well beyond the maximum delinquency of 120 days.
Shouldn’t this account be listed as closed as well? Will fighting to have it closed have any immediate beneficial impact on my credit score, which has been devastated since this fiasco began?
you should have started fighting as soon as you discovered those loans in your name if you had nothing to do with them so you could go after the identity thieves
if you were involved with those transactions, your credit is going to be trashed for many years – you might not be able to get a mortgage until they fall off your credit report – with 3 mortgages gone bad
