Getting Owner Financed Property Added To Your Credit Report
Does anyone know how I might get my home and land that I purchased through owner finance added to my credit report under real estate? In Texas
Does anyone know how I might get my home and land that I purchased through owner finance added to my credit report under real estate? In Texas
Try calling the credit burues.
If you know a Mortgae broker you can have them contact the company they pull credit with and have them add that information to your credit file with the three major credit companys. The cost is usually about $75
You might wanna ask the same question on www.creditboards.com and see if they have any ideas.
If the owner is servicing the loan himself he can record the mortgage with the pertinent authority and it will show on your Transunion Credit although the paydown will not show
If another agency is servicing it then they can report.
I do want to say that you should really think about whether you want it on your credit or not. Might do more harm than good.