Mortgage Removed from Credit Report

[CreditFree]

My Ch. 13 was closed by the trustee on July 26 and I am now waiting for my discharge. I checked my credit report today through credit karma (yes I know this is not an actual FICO score) and it showed that my score had dropped 25 points because my mortgage had been removed from my experian credit report. My mortgage was being paid through the BK, but I just resumed paying it this month. Is there any reason why it would have been removed from my credit report?

Thanks for any advice you can offer.

[spidge]

I can only share my experience. We have been discharged from our ch13 for a few months which included mortgage arrears. The mortgage does not show on our credit report and I think it is because we have not re-affirmed the debt with them. I am willing to bet they will start reporting at some point but I do not know what the trigger is.

[CreditFree]

spidge, Thanks so much for your reply. I didn't think you had to reaffirm debts in a chapter 13 since you were paying them back anyway...

[CreditFree]

Ok spidge , it looks like you may be right. I just spoke with the mortgage company and they said that in a bankruptcy (no matter what chapter), they stop reporting until the loan is reaffirmed. She went so far as to say that she had seen mortgages where they had not reported for 10 years. I have emailed my attorney to see what her take is on this. Does anyone else have experience on this?

*Update: My attorney says the bank is incorrect and there are no reaffirmation agreements on a chapter 13...now I'm really confused

[spidge]

*Update: My attorney says the bank is incorrect and there are no reaffirmation agreements on a chapter 13...now I'm really confused

It sounds like your attorney did not read your entire question. If you want the mortgage company to report it you would reaffirm, but it is not recommended. I like the fact that the bank can only recover the property and not come after me for the balance. Its not in my plans to let it go, but just in case.