Upside Down Mortgage

Mortgage Help Foreclosure

Question: 2nd mortgage Foreclosure: How long is the delay to put it on your credit?

We paid off a 2nd mortgageforeclosure before it went through. We continued to pay on our first mortgage with no problem. The attempted forclosure was not on our credit report until we refinanced with a new mortgage company. Is this fair? It looks suspicious that it only appeared on our credit after we refinanced with a new company. We understand that business is business but it seems that they were fine with everything until we pulled our mortgage from them and went with another company.

Answer: Well, you were late, so the info is accurate.

It is probably just a coincidence... sometimes it takes time to get stuff posted onto a credit report.

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