Re: CH 7 BK - Credit Report Question

Posted by Why Chat (209.240.205.61) on May 03, 2004 at 16:38:43:

In Reply to: CH 7 BK - Credit Report Question posted by Jason on May 03, 2004 at 15:16:56:

A foreclosure is a legal action, as is a BK.

Your report will list both.

The BK wiped out your debts, and prevented any deficiency claim against you in the foreclosure.

The foreclosure will be listed as well as the BK on your mortgage account.

It will of course, get deleted 7 years after your first delinquency,(your BK will be on for 10 years from the filing date) so keep your copies of the records and ask for a deletion in a few years, based on obsolescence,you may get lucky.

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