Long story short, my house was stolen by a dirty mortgage broker. This is a guy wanted by several gov't agencies, and currently in court with the DA's office. He literally stole my house (and several other people's) and my lawyers said my best option was to stop paying and hope the bank forecloses on him. Yes, I am still pursuing legal action for this situtation.
OK, so I only stopped paying on the house, and it apparently (one year later) just sold in a foreclosure auction. I now have a foreclosure on my credit report, which I know will be there for 7 years. All of my revolving credit cards are paid on time and usually in full. I have money in the bank. So basically, everything else is in tact but *the house*.
Who do I call to repair my credit? Debt consolidation company, bankruptcy attorney (even though I am NOT filing for bankruptcy)? Is time my only option?
How do I repair it if my only debt is the house?
Let me know if you know the answer to this because I am confused.
2007-07-06 08:58:22 · 2 answers · asked by ValentineP 4 in Business & Finance ➔ Renting & Real Estate
Only time will get that off your credit record.
Your story sounds VERY strange. I'd be consulting with another attorney about your first one's advice...
2007-07-06 09:12:19 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
You could write a statement reflecting the above facts and send it to the three credit bureaus. That way when someone sees the foreclosure on you credit report they will know the circumstances.
2007-07-06 09:04:32 · answer #2 · answered by lizabet17110 3 · 0⤊ 0⤋