Jupiter678
LoanSafe Member
Hello,
We foreclosed on our home almost 7 years ago. The second mortgage charge off still shows on credit reports. Since our foreclosure there has been no attempt to collect on this debt. How can we handle this mark? We would like to buy a home in the next 18 months
How it is stated on report:
ACCOUNT DETAILS
Account statusClosed
TypeReal estate - junior liens
ResponsibilityIndividual
RemarksCharged off as bad debt
Loan Modified NonGovt
Times 30/60/90 days late0/0/0
ClosedSep 30, 2015
Thank you
We foreclosed on our home almost 7 years ago. The second mortgage charge off still shows on credit reports. Since our foreclosure there has been no attempt to collect on this debt. How can we handle this mark? We would like to buy a home in the next 18 months
How it is stated on report:
ACCOUNT DETAILS
Account statusClosed
TypeReal estate - junior liens
ResponsibilityIndividual
RemarksCharged off as bad debt
Loan Modified NonGovt
Times 30/60/90 days late0/0/0
ClosedSep 30, 2015
Thank you