How doI get a mortgage lender to remove negative credit items that they reported during a loan modification?
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How doI get a mortgage lender to remove negative credit items that they reported during a loan modification?
I had never been late on a payment before. We had hard times when the bubble burst. They told us they could help with a loan modification but couldn’t do it unless we skipped our payment so they could start the trial process. We started paying and doing everything they asked. They strung us along for 18 months and never did anything. We are back paying our regular mortgage payment and paid the back fees to the tune of $23,000 and all it did was get a couple of 180 day late pays on my report which will not allow me to refinance. Tried to refinance and they denied me.
Asked on September 28, 2011 under Real Estate Law, California
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
There are many credit repair companies that have sprung up as the result of the housing crisis and the economic down turn that this country has been faced with during the last three plus years that possibly could assist in repairing the negative credit itmes on your credit report resulting from the skipped payments that you did in reliance upon the advice that you received in an attempt to obtain a loan modification on your home.
I suggest that you contact several of them to see what they can do to assist you in having the lender on your home remove the negative credit references on your report in that I suspect that your home's lender will not voluntarily do so.
Good luck.
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