A foreclosure will be expunged from a person's credit report after seven years have expired from the time the foreclosure was reported. Valid information on a credit report cannot be removed until the required time limit for reportage has expired.
wait 7 years
A foreclosure will typically remain on your credit report for seven years.
The foreclosure will be on your credit report indefinitely.
If foreclosure proceedings were initiated, and that is all that is claimed on the credit report, then the bank cannot change the report. If the credit report shows that the foreclosure took place, however, the bank would have to correct that. Similarly, a credit card company won't take back any delinquent payments reporting just because the card was paid off. They are legally obligated to report accurately.
There can be no specific answer, as credit scores are based on the person's entire credit history.
wait 7 years
A foreclosure will typically remain on your credit report for seven years.
The foreclosure will be on your credit report indefinitely.
A foreclosure will typically remain on your credit report for seven years.
If foreclosure proceedings were initiated, and that is all that is claimed on the credit report, then the bank cannot change the report. If the credit report shows that the foreclosure took place, however, the bank would have to correct that. Similarly, a credit card company won't take back any delinquent payments reporting just because the card was paid off. They are legally obligated to report accurately.
There can be no specific answer, as credit scores are based on the person's entire credit history.
A foreclosure can stay on your credit report for over ten years. It will have a significant and negative impact on your score.
If the lender does not correct your credit report, then you could send a letter and a copy of the court's decision to the credit agencies. Still, a notice of foreclosure may remain, and I am not sure whether you can make that go away.
It sometimes takes a month or two to be added as a negative on your credit report.
If You Paid The Bank All Moneys Owed, And At Present Are Credit Wise Clear With The Bank. Take Your Report To A Loan Officer Then File A Report With The Credit Reporting Company, This Should Clear This From Your Credit Records.
what ever the balance was at the time of foreclosure will report on your credit report
No, if property has been foreclosed upon the notation will remain on the credit report for the required amount of time of seven years from date of foreclosure. A bankruptcy remains on the credit report for ten years.