Hello all, I am new to this forum. I am so glad to have found this forum.
I am currently going through a very difficult credit reporting error by Wells Fargo Home Mortgage (WFHM). Here is what happened to me. I had a foreclosure in 12/2010. WFHM did not file for or receive deficiency judgment within 30 days or for that matter just did not file any deficiency. A year later in 10/2011 I got bad advice from an attorney to file chapter 7 just in case the Wells Fargo came after me for garnishment. So I filed for chapter 7 even though I should not have. Later I got my job back and my credit score is right at 703 (FICO). The bank said I can qualify for a FHA mortgage now because it has been 3 years from foreclosure and 2 years from bankruptcy. So we pulled the credit report and to my surprise WFHM had put date of latest delinquency as 10/2011. This ruined my chance of getting a house this year i.e., in 2014. My question is, if there was no deficiency, how come there is delinquency, even if WFHM was included on Schedule F of Chapter 7 bankruptcy? I called WFHM and they did not know why I would be delinquent since the property was sold back to the bank and in Georgia (OCGA 44-14-161) there cannot be any deficiency if it was not granted by the court. So I wrote a letter to WFHM and they said they will review it and get back to me. It's been two months now. How long do I have to wait for their answer? I just mailed letters to three Credit Bureaus to correct the mistake, since WFHM did not bother to correct it. How long do I have to wait for the correction? Will it be corrected or am I wrong? Any answer will be greatly appreciated. Thanks.
Is there anyone else on this forum going through the same problem with WFHM?