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    Pumpkintreasure07's Avatar
    Pumpkintreasure07 Posts: 1, Reputation: 1
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    #1

    Jan 5, 2010, 07:12 AM
    Is there anything that I can do about this judgement filed against me?
    I am a Pennsylvania resident who is in a bit of credit hell! The mistakes of my youth have caught up to me.
    My house went into foreclosure back in 2004/2005, once in foreclosure a sheriff sale was scheduled for April 2006. The price of the loan $42,000 was not satisfied due to a lack of bids so possession of the house was granted to the mortgage company (I was told by a lawyer that this was the same as it being sold to a third party and should have satisfied the judgment amount) The house was then sold in October 2007 for $73,600 to a regular customer by the mortgage company. When I recently pulled my credit report I have the mortgage listed by the original mortgage company (Option One) and also by another mortgage company (American Home Mortgage Service) whom they obviously sold the mortgage to. I learned of these two listings as well as a judgment that was placed against me in the amount of the loan ($42,000) in the public records section of my credit report. Shouldn't this amount be listed as satisfied due to the possession being granted to the mortgage company at the sheriff's sale? I called a lawyer and she stated that the judgment should be listed on my credit report as satisfied and well as the mortgage lenders entries. As of right now the entries by the mortgage companies are showing as open mortgages.
    The lawyer stated that she could fix this for $660. What do you guys think? Is this something that I can do myself with a little diligence and if so how, or should I pay the lawyer?
    Any help would be greatly appreciated.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #2

    Jan 5, 2010, 08:22 AM
    Quote Originally Posted by Pumpkintreasure07 View Post
    The lawyer stated that she could fix this for $660. What do you guys think? Is this something that I can do myself with a little diligence and if so how
    Hello P:

    The lawyer is going to do nothing that you can't do yourself... Google the FCRA. In it, you'll see that the credit bureaus are required to investigate your claim of inaccuracy, and they will.

    If you got copies of your credit reports (there are THREE), included in each one is a dispute resolution form and instructions on how to fill it out and mail it. It couldn't be simpler.

    excon
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