foreclosure on report

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Posted by Nancy on September 28, 1998 at 11:29:46:

We were victims of a second mortgage fraud. Long, ugly story. Sure, the bank was taken over by RTC and the bank officers and realtors went to jail, but we lost our home to foreclosure and our credit was ruined.

Six years later, we are trying again. I obtained copies of all three credit reports. Equifax is the only company to report the foreclosure, but it lists "Foreclosure Proceedings Started" as 12/92 on my report and 02/93 on my husband's.

Comfed sold our mortgage to American Residential Mortgage Corporation, who actually foreclosed in 1992. ARMC was taken over by Chase Manhatten.

Is it worth writing to Chase Manhatten to get a definitive date on this foreclosure and have that reported to Equifax, or will it just be stirring up trouble? I would hate for the "Date Reported" to jump from 92 to 98, but I don't want to wait til seven years have passed from 02/93 to buy a house!

Thanks!

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Re: foreclosure on report Christine Baker 16:56:44 10/07/98 (0)

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Comments:
: We were victims of a second mortgage fraud.  Long, ugly story. Sure, the bank was taken over by RTC and the bank officers and realtors went to jail, but we lost our home to foreclosure and our credit was ruined.

: Six years later, we are trying again.  I obtained copies of all three credit reports.  Equifax is the only company to report the foreclosure, but it lists "Foreclosure Proceedings Started" as 12/92 on my report and 02/93 on my husband's.

: Comfed sold our mortgage to American Residential Mortgage Corporation, who actually foreclosed in 1992.  ARMC was taken over by Chase Manhatten.

: Is it worth writing to Chase Manhatten to get a definitive date on this foreclosure and have that reported to Equifax, or will it just be stirring up trouble?  I would hate for the "Date Reported" to jump from 92 to 98, but I don't want to wait til seven years have passed from 02/93 to buy a house!

: Thanks!


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