T
tyrone_bak
Guest
What is the name of your state? Texas
Getting the loan to the mitigation process should put a halt to the foreclosure
"proceedings".
Once the loan has been mitigated to the satisfaction of the lender the foreclosure "process"
should be stopped.
Since the foreclosure was not done to completion there should be no record of it on your
credit report. In fact, it shouldn't even be on it unless the process was completed, period.
So, if you were not foreclosed upon but instead mitigated the loan; your lender needs to set
the record straight with the credit reporting agencies and if they don't they could be in
for a penalty.
Sometimes the Loss Mitigator will think that her/his job is done once the loan is reinstated
and don't want to be bothered by this "extra" work. Set them straight.
Check it out with your BBB or with a free legal service in your area.
Is the above comments correct?
Any more suggestions if it was reported to the credit agencies?
Getting the loan to the mitigation process should put a halt to the foreclosure
"proceedings".
Once the loan has been mitigated to the satisfaction of the lender the foreclosure "process"
should be stopped.
Since the foreclosure was not done to completion there should be no record of it on your
credit report. In fact, it shouldn't even be on it unless the process was completed, period.
So, if you were not foreclosed upon but instead mitigated the loan; your lender needs to set
the record straight with the credit reporting agencies and if they don't they could be in
for a penalty.
Sometimes the Loss Mitigator will think that her/his job is done once the loan is reinstated
and don't want to be bothered by this "extra" work. Set them straight.
Check it out with your BBB or with a free legal service in your area.
Is the above comments correct?
Any more suggestions if it was reported to the credit agencies?