How To Get Your Mortgage Servicer To LISTEN!!!

I recently made a decision to remove a renter from a house I own and place it on the market again.  Due to the problems with the economy I had to rent the house in the first place because I was having problems selling it.

When I removed the renter and placed the house on the market, I had no income to pay the mortgage.  Knowing this would be the case, I contacted the mortgage company immediately and informed them of what I was attempting to do.

They very nicely agreed to place me into a forbearance agreement for the time the house was on the market.  They told me they would still have to report six months of no payments.

At the time, I thought six months of no payments under forbearance would not damage my credit as much as six months of no payments with no agreement.  I was wrong.

The mortgage lender is reporting the six month period as no payments without stating an agreement was made due to special circumstances.  My credit report looks as if I simply refused to pay for a six month period.  There is no documentation showing the mortgage company agreed to this.

My credit is ruined now.  I can’t even trade my car WITH a co-signer let alone without one.
According to someone I talked to at TransUnion, that period of six months where I was under the forbearance agreement will have a negative effect on my credit score for seven years.

I’m regretting even trying to sell the house now.  I thought I was being responsible by working something out with my mortgage company but it appears as if I made a huge mistake.

I have contacted my mortgage company and they refuse to document with the credit bureaus the reason for my non-payment period.  They also refuse to remove it from my credit reports.

I submitted a dispute with the credit bureaus and they too refused to remove the negative credit or to document in any way the forbearance agreement.

Is there any path left for me?  I can’t stand the fact that I will have those six months of non-payments on my credit reports for seven years.

It just seems unfair.

Eric

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Hello Eric,

Read: Misreporting My Foreclosure

As a genreal rule, sending a Qualified Written Request under Section Six of the RESPA will definitely get their attention.

Thanks for the questions and hope this helps.

Paul