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    #1

    Checked my credit report....

    All,

    I checked my credit report/score today. Score is 644 and interestingly enough on my credit report it says that the first mortgage (Wells Fargo) is an FHA loan. I had no idea. How can I confirm this? HARP might just be a possibility for me.

    Anyway, still waiting on the atty to draft the property settlement agreement. So, I'm still doing research and being hopeful.

    If I can't stay in the house I hope I'll be able to at least rent an apartment. Could that be possible with that score? Although my credit report has BANKRUPTCY glaring all over.

    Thanks Everyone!
    Tags: None
    #2
    You could call the lender and ask. You should also see some reference in your loan documents. Here's some info on how to find it http://homeguides.sfgate.com/loan-fh...red-36842.html

    You will be able to find a rental if needed. Just be up front about your BK before you pay for the credit check. You may have better luck with private landlords instead of large property management companies. Save as much as you can so you can pay a larger deposit if necessary.
    LadyInTheRed is in the black!
    Filed Chap 13 April 2010. Discharged May 2015.
    $143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!

    Comment

      #3
      I agree with Lady. My husband and I have rented two houses, from private landlords, since filing our first bankruptcy, in 2003. I do think private landlords are more amenable to renting to people with bankruptcies or poor credit histories than big property management companies.

      If you have a stable income, decent length of time at your job, and no history of eviction, a landlord will likely put more weight on that you having a bankruptcy. And 644 really is not an awful credit score. It's not a high score, but certainly not terrible, either.

      And if you are about to go into foreclosure on your house, that doesn't mean you need to move out of your house the minute the foreclosure starts, either. My mother has been in foreclosure on her house for over two years now, and her house still hasn't reached the point of going up for sheriff's sale yet.

      Comment

        #4
        Just called WF and the first is an FHA backed loan!! However, the customer service rep wouldn't/couldn't tell me if the loan is owned by Fannie Mae or Freddie Mac. Still need to find that part out....
        Last edited by brtb; 01-08-2014, 07:40 AM. Reason: add'l info

        Comment

          #5
          I also called Fannie Mae and Freddie Mac and they can't tell me anything because of the active Ch. 13. Tried to look through my loan docs, but didn't see anything there either. How do I find out who owns the loan? Thanks!

          Comment

            #6
            You can find out if it is a Freddie Mac loan at https://ww3.freddiemac.com/corporate/
            For Fannie Mae: http://www.fanniemae.com/loanlookup//
            LadyInTheRed is in the black!
            Filed Chap 13 April 2010. Discharged May 2015.
            $143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!

            Comment

              #7
              Originally posted by LadyInTheRed View Post
              You can find out if it is a Freddie Mac loan at https://ww3.freddiemac.com/corporate/
              For Fannie Mae: http://www.fanniemae.com/loanlookup//
              Already tried those two links and it came up with nothing. Thanks!

              Comment

                #8
                Originally posted by brtb View Post
                Already tried those two links and it came up with nothing. Thanks!
                If you filled the forms with information consistent with the orignal loan oducmentation and got nothing, I think it means that your loan is not owned by Freddie Mac or Fannie Mae. In fact, I don't think a loan can be both an FHA loan and a Freddie Mac or Fannie Mae loan. But, I'm not certain of that.

                Have you looked into HAMP?
                LadyInTheRed is in the black!
                Filed Chap 13 April 2010. Discharged May 2015.
                $143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!

                Comment

                  #9
                  I filed for Chapter 7 in 2013, and am planning to move to a larger apartment this summer when my lease is over. The way I will deal with the bankruptcy and try to minimize the risk of paying for application fees to be denied is simple. I will go into the manager office of the apartment complex I am considering renting from, slap a portable tape recorder on the table, and tell the person very bluntly that I have filed for bankruptcy previously, and ask if that is a problem for qualifying. If they say yes, then thank you for your time, goodbye. If they say no, I will have that on tape, and if I am then subsequently denied due to the BK, I will be in an excellent position to demand my application fee back.

                  Comment

                    #10
                    Originally posted by LadyInTheRed View Post
                    If you filled the forms with information consistent with the orignal loan oducmentation and got nothing, I think it means that your loan is not owned by Freddie Mac or Fannie Mae. In fact, I don't think a loan can be both an FHA loan and a Freddie Mac or Fannie Mae loan. But, I'm not certain of that.

                    Have you looked into HAMP?
                    I was just reading about HAMP and am not sure it would apply. I'm still trying to research strategies to get him off the mortgage if I do get to keep the house and I'm forced to refinance.

                    Comment

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