[shkir]

HopingtoFind:
Well the VP never responded to my voicemails or emails. But I sure started receiving calls back when I started to leave him messages, and detailed emails about what was going on with the people under his command.
There really is not credit file that would identify a closed mortgage as 'Short Sale'. The 'Paid Settlement' that I have on mine, still was a negative, but only to the tune of 10 points. I'm still above 680 for my credit scores.
I got the Director of the Loss Mit department to agree to this after she got on the phone three way with me, and their recovery department.
She quickly realized how unrealistic their repayment plan was for the amount they wanted me to sign a unsecured promissory note for. I was literally at the end of my chain.....(this neg. process with them took two months), and I finally just blurted out to her, 'look, we can't get to an agreement. What if I scrape every penny I have together, beg, borrow and steal and bring $5,000 to closing. Can we call it a deal? You then don't have to foreclose and lose 40grand more on the house, and I walk away knowing I helped you out.'
She immediately said 'Yes, we'll do that', And then I let her know the rest of my stiuplations , "you will delete every late mark on my credit report, the 20,60,90 day late will be deleted within 30 days after closing."
I tried to get them to list the account as just a regular 'Closed - Paid in Full' but there was no way possible they would. I also had them put in my letter that I signed, that they agreed to waive all future claims, not pursue any further judgement or deficiency.
But that's fine, either way, I came out ok. Bottom line, I wish I hadn't had to sell my place. I LOVED the house, but life changes happened.
FIGHT FIGHT FIGHT the bank. They can, and will change the wording and you can negotiate with them to make sure you come out ok after the end. Remember, you are helping them.
If anyone wants to see a copy of my agreement letter, by all means contact me and let me know.