Pam Marron Home Lending

Why NOT TO DISPUTE Erroneous Foreclosure on Credit Report

November 25, 2013 by · Leave a Comment 

When the erroneous FORECLOSURE account is disputed, it drops off of the automated Fannie Mae or Freddie Mac underwriting report. However, the findings notate the account as a “dispute” and lenders must delete dispute from credit report, obtain new credit and rerun Fannie Mae AUS. Then, the FORECLOSURE account comes back with the date of un-dispute as the new “date reported” making the account look like the erroneous foreclosure (that is a short sale) just occurred! Now you have THREE problems:

1) deleting the dispute

2)correcting the date of the short sale (noted as a FORECLOSURE) 

3)getting the FORECLOSURE code corrected to a short sale!

Please use these two fixes:

pict dispute for WP

pict 2 disp for WP