chocolate asked:
Several years ago we made a decision to purchase a house in my spouses name only, to get the lowest possible interest rate. Five years later, we refinanced and added my name to the deed only. Two years later, we contacted the mortgage company and asked if I could placed on the loan. We paid a small fee, forwarded a copy of our marriage license and the notarized document (with all of my personal information (ssn, dob, etc.) stating we were tenants by entirety to the assumption department. My name has been added to the mortgage statement, but it has been a year and half and it is still not showing up on my credit report. I noticed that they have pulled my credit report several times and when i call they say it’s done. Not sure what else to do.
SCOTT
Several years ago we made a decision to purchase a house in my spouses name only, to get the lowest possible interest rate. Five years later, we refinanced and added my name to the deed only. Two years later, we contacted the mortgage company and asked if I could placed on the loan. We paid a small fee, forwarded a copy of our marriage license and the notarized document (with all of my personal information (ssn, dob, etc.) stating we were tenants by entirety to the assumption department. My name has been added to the mortgage statement, but it has been a year and half and it is still not showing up on my credit report. I noticed that they have pulled my credit report several times and when i call they say it’s done. Not sure what else to do.
SCOTT
#1 by Ed Atun on March 26, 2010 - 5:43 pm
ERROL
You carry the document that put you on the mortgage. Anyone running your credit will know exactly what it is.
#2 by NE2SW on March 29, 2010 - 7:45 am
GUADALUPE
Are you checking all three credit bureaus? Sometimes creditors use only one. It should be done within 1-3 months. You can file a discrepancy with the particular credit bureaus….IE Equifax, Transunion, etc. requesting that they contact the creditor and have it added. You will need to supply the credit bureau with the loan number.
As you know, having a positive entry can raise your score.
Good Luck.
#3 by Expert Realtor on March 30, 2010 - 9:43 pm
THOMAS
Two reasons:
1. They never added it to the LOAN…personally, I have never seen in almost 20 years in the business a bank do this for any reason…even marriage….I personally think that someone gave you incorrect information.
2. The bank you are doing business with doesn’t report to all three credit bureaus…they aren’t required to report the account to ANY credit bureau.