Repo reporting and Mortgage questions

[Maygen13]

So my husband has a repo on his CR and I have a few questions on how it is reporting.

TU is saying that there is $0 past due and a $0 balance
EX is saying that there is a $5016 balance
EQ is also reporting there is $0 past due and a $0 balance.

Now, it was a voluntary repo, they sold the car and apparently there was a remaining balance, I am not sure on the exact amount but the $5016 sounds about right. Also, this is recent, August '08.

Should I just leave this alone even though there are some inaccuracies in how it is reporting? If memory serves me right, we did get a letter stating that they sold the car and for how much so I think they have sent us all the necessary paperwork. It's through citifinancial auto if that helps at all.

Also, we almost got forclosed on but sold the house in a short sale, we owe nothing on it. It is reporting on all three CB that the home was in forclosure even though it was a short sale. This was in Jan '08, is it even worth disputing. We don't owe anything so nothing can come back to haunt us you know. Maybe I'll just give it a try, what's the worst that can happen, it won't get deleted, right?

I just wanted to say a quick thanks for all the help I have gotten here, I have learned so much from reading and hope that maybe I can help others when I am a little more knowledgeable.

[jjgross]

Originally Posted by Maygen13

So my husband has a repo on his CR and I have a few questions on how it is reporting.

TU is saying that there is $0 past due and a $0 balance
EX is saying that there is a $5016 balance
EQ is also reporting there is $0 past due and a $0 balance.

Now, it was a voluntary repo, they sold the car and apparently there was a remaining balance, I am not sure on the exact amount but the $5016 sounds about right. Also, this is recent, August '08.

Should I just leave this alone even though there are some inaccuracies in how it is reporting? If memory serves me right, we did get a letter stating that they sold the car and for how much so I think they have sent us all the necessary paperwork. It's through citifinancial auto if that helps at all.

Also, we almost got forclosed on but sold the house in a short sale, we owe nothing on it. It is reporting on all three CB that the home was in forclosure even though it was a short sale. This was in Jan '08, is it even worth disputing. We don't owe anything so nothing can come back to haunt us you know. Maybe I'll just give it a try, what's the worst that can happen, it won't get deleted, right?

I just wanted to say a quick thanks for all the help I have gotten here, I have learned so much from reading and hope that maybe I can help others when I am a little more knowledgeable.

If the house was sold then it shouldn't report as a foreclosure so i would dispute it,I;m assuming the car was sold for less than what it was worth?

[Maygen13]

Yes, it was sold for less than it was worth. If that was the case we would have bought it from them, lol!

[Trish]

I would leave that repo alone unless you're willing to make payments on it.....for that amount you could very easily be sued. Are they sending you collection letters? If it is being reported as a zero balance on 2.....the third one will probably be updated soon. Sounds like it's been sold to a CA. Careful with that one.......you don't want to wake a sleeping giant.

And just like jj said......the home loan shouldn't be listed as a foreclosure so you should definitely dispute that. That looks like an adverse account.
You don't need to state that it's a short sale (because that looks just as bad I believe)......just dispute that it was not a foreclosure.

[Maygen13]

Thanks for the help, I think I will be leaving the repo alone, I do not want to deal with that at this juncture.

I am going to try my hand at the Mortgage and see what happens, I have a few letters to write tonight!

Thanks again!