My house went into foreclosure 8 years ago and the second loan taken out from Wells Fargo is still remaining. How do I petition this to be removed. Is there a standard form letter to submit? This still effects our credit score.
Need more facts. Is the date of default more than 8 years ago on the second loan as well? If that is the case, from the very limited facts given, this account should have already dropped off your credit report. You simply need to dispute this with the credit bureaus. Identify the account in your letter, and inform them that the account went into default more than 7 years ago, if that is in fact the case. The addresses are as follows:
PO Box 2000
Chester, PA 19022-2000
Equifax Information Service, LLC
PO Box 740256
Atlanta, GA 30374
PO Box 9701
Allen, TX 75013
Real Estate Attorney
The foreclosure of a mortgage loan does not have the effect of removing the loan from the borrower's credit file. And, it may be that the second loan survived the foreclosure and remains active.
Real Estate Attorney
If the first foreclosed, you still owe the second mortgage.
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