InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Joe's right...when the lender reports it Posted by Ward-CA- on June 15, 2003 at 3:25 PM In Reply to: Re: When does a foreclosure 'mark' hit the credit report? posted by Joe Kaiser on June 14, 2003 at 8:14 AM : I have seen credit reports that describe the loan status as "foreclosure" prior to anything being recorded anywhere. : Credit reports generally have a section that describes public records info, and that's where you'll find out about anything recorded. : But the lender itself may describe the loan status as in foreclosure well before the actual sale. : It's been awhile since I've checked this out . . . so things may have changed in the last few years. : Joe Kaiser ================== Joe, You are right. Creditors make reports to their credit bureaus independently, regardless of when the foreclosure is processed. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I have seen credit reports that describe the loan status as "foreclosure" prior to anything being recorded anywhere. : : Credit reports generally have a section that describes public records info, and that's where you'll find out about anything recorded. : : But the lender itself may describe the loan status as in foreclosure well before the actual sale. : : It's been awhile since I've checked this out . . . so things may have changed in the last few years. : : Joe Kaiser : ================== : Joe, : You are right. Creditors make reports to their credit bureaus independently, regardless of when the foreclosure is processed. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455