In Jefferson County, Ala., officials are scrambling to avoid municipal bankruptcy. As Maya Rodriguez reports, unless the county can cut a deal with lenders, it will file for the largest municipal bankruptcy in American history.
Question by David K: Foreclosure on credit report after bankruptcy?
I filed bankruptcy two years ago, after my lender initiated foreclosure. According to the bankruptcy lawyer, having the mortgage included in the bankruptcy would avoid having a forclosure on my credit report. Recently I found that the lender is still reporting the loan as a foreclosure. I disputed the item, and got back a reply stating, “This creditor has
verified to Equifax that the current status is being reported correctly”. Am I correct in thinking that the item should be changed? If so, how should I proceed? If the item is changed to reflect inclusion in the bankruptcy, will it still show the payment history?
Best answer:
Answer by bostonianinmo
Provide the CRA with a copy of the final bankruptcy action.
The payment history prior to the bankruptcy should stand.
Check with the bankruptcy attorney. He can probably provide a letter ot Equifax that will get the desired action.
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