Foreclosure on credit report

[mss080]

What is the name of your state? Indiana

Are there time limits for foreclosing on property that was included in a chapter 7 BK?

I'm asking because my BK was discharged in July 2005 but the mortgage company has reported the foreclosure with an April 2006 date. This is causing problems with a mortgage application. The BK is no longer considered a problem because it's been more than 2 years since discharge. But the foreclosure date on the credit report is less than 3 years ago and that is causing a problem.

Thank you.

 

[SHORTY LONG]

FYI: Unless the Law has changed, a BK stays on your Credit Record for 7 to 10 years.

 

[TigerD]

What is the name of your state? Indiana

Are there time limits for foreclosing on property that was included in a chapter 7 BK?

I'm asking because my BK was discharged in July 2005 but the mortgage company has reported the foreclosure with an April 2006 date. This is causing problems with a mortgage application. The BK is no longer considered a problem because it's been more than 2 years since discharge. But the foreclosure date on the credit report is less than 3 years ago and that is causing a problem.

Thank you.

The question is when they actually foreclosed. If they didn't foreclose into April 06, then the date is right.

DC

 

[Who's Liable?]

FYI: Unless the Law has changed, a BK stays on your Credit Record for 7 to 10 years.

Incorrect... it MAY stay on your report for UP TO 7-10 years. There have been many people who have successfully removed a BK after only a few years.

 

[SHORTY LONG]

Incorrect... it MAY stay on your report for UP TO 7-10 years. There have been many people who have successfully removed a BK after only a few years.

Agreed, and thank you Who's Liable?