[motor_angel]

...Delay To Put It On Your Credit? We Paid Off A 2nd Mortgageforeclosure Before It Went Through. We Continued To Pay On Our First Mortgage With No Problem. The Attempted Forclosure Was Not On Our Credit Report Until We Refinanced With A New Mortgage Company. Is This Fair? It Looks Suspicious That It Only Appeared On Our Credit After We Refinanced With A New Company. We Understand That Business Is Business But It Seems That They Were Fine With Everything Until We Pulled Our Mortgage From Them And Went With Another Company.

[Bailey S]

They can legally put a notation of "Foreclosure Proceedings Started" but they should not be putting foreclosed or proceeds from sale of home used to pay foreclosure. It can take a company 60 days to report an item of this nature.