When does the mortgage get IIB?

[Amy26]

I was just curious when do your mortgages go into IIB status on your credit report? I have been monitoring mine cause I have nothing else better to do and my mortgage and my second mortgage are like the only things that haven't been "zero'd" out and IIB'd.

I'm assuming this is because the property hasn't been foreclosed on yet. However, I am curious why it hasn't been flagged as IIB. I am also curious why my second mortgage company hasn't just written off the amount.

Will this not occur till after they take back the property? Also, that won't mean that instead of IIB on there it will show foreclosed?

[notadeadbeat]

What does IIB mean?

[laurannm]

IIB means "Included in Bankruptcy".

I think it depends on how quickly your mortgage company is notified of your filing. With Citimortgage it took 1-2 months before it showed as IIB