http://www.helpmycreditreport.com/2009/02/10/how-to-get-negative-account-off-credit-report/ Your guide to credit report , credit improvement and help. Fri, 29 Oct 2010 21:51:19 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.helpmycreditreport.com/2009/02/10/how-to-get-negative-account-off-credit-report/comment-page-1/#comment-130 US Home Foreclosures: Credit History & A Foreclosure « helpmycreditreport.com Sun, 26 Jul 2009 23:53:23 +0000 http://www.helpmycreditreport.com/?p=39#comment-130 [...] Before we start off, it is important to define foreclosure. If a consumer is behind on his/her mortgage payments and has not made any attempt at resolving the situation or catching up on the payments, you can be rest assured that the financial institution will be sending you a foreclosures USA statement pretty soon. In the event of a foreclosure, the mortgage company with which you have your home loan, steps in and takes over your property and sells it at the sheriff’s auction, similar to the process discussed for timeshare foreclosures. This event then becomes a matter of public record and can stay on your credit report for up to 7 years, therefore causing a negative mark on your credit history. [...] [...] Before we start off, it is important to define foreclosure. If a consumer is behind on his/her mortgage payments and has not made any attempt at resolving the situation or catching up on the payments, you can be rest assured that the financial institution will be sending you a foreclosures USA statement pretty soon. In the event of a foreclosure, the mortgage company with which you have your home loan, steps in and takes over your property and sells it at the sheriff’s auction, similar to the process discussed for timeshare foreclosures. This event then becomes a matter of public record and can stay on your credit report for up to 7 years, therefore causing a negative mark on your credit history. [...]

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