Aurora reported a Short Sale as a Foreclosure
does anyone have any idea where I start getting a correction? Over two years ago I completed a Short Sale with Aurora (no small task) and now my client has discovered that Aurora reported it as a FORECLOSURE. Credit Reporting agencies want a letter from Aurora or a contact person to verify our position (even after we sent the Certified HUD 1 and signed Approval). Aurora is not doing Home Loans according to their recording and all contacts I have don't appear to work there anymore. Ideas?
Replies to This Discussion
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Permalink Reply by Deidre St. Romain on
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I never heard of a credit agency not acknowledging a HUD 1 settlement statement. I would holler louder and get a hold of a supervisor at the credit agency. The three major credit bureaus should acknowledge the HUD. I had a client that had the same issue and the HUD was sufficient "proof" and they reported it correctly.
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Permalink Reply by Joseph Alfe on
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you do understand that if a foreclosure reaches a certain point, such as a judgement, that it is considered a foreclosure and reported as such regardless of whether the property is sold? Ince there is a judgement, there is a foreclosure.
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