"How to Delete a Foreclosure?"

Genius Egg-headed 'Hermit' Discovers Legal Loophole that Makes Creditors Delete Foreclosure from your credit…and its NOT Credit Repair! (The answer to How to Delete or Remove a Foreclosure permanently from your credit report.)

There’s a good story behind foreclosure deletion or me learning how to delete a foreclosure. Let me start from the start. You, see so much of what we read about regarding “credit repair” is shady. so it’s important that I open this topic up like a simple biography and show you its strengths, weaknesses, pros, cons and validity or lack thereof.

I DID NOT INVENT FORECLOSURE DELETION!

Many people say I invented it, but let me confess the unedited truth…

I have a real estate business in San Diego. I learned how to negotiate short sales with Lee Honish and Trent Chapman, my brother. I have negotiated over TWO thousand liens since 2006. In 2008 I was asked by multiple clients what they could do to correct their credit reports. “Short Sales”, which typically report as “paid as agreed for less than full balance” or “settled in full” were being reported as “foreclosure”. That got my blood boiling. Imagine if you go through the trouble of a short sale so you can save your credit and then the bank slams you with a ‘FORECLOSURE’ anyway!! So then came the obvious question which led me to search, ‘how to delete a foreclosure’, I also searched for ways to ‘remove a foreclosure’ from credit.

The answer I gave my clients was to contact the creditor and show them the documentation. But I was shocked to hear that some of my clients were told that the information matched what they had on file and no correction would be made. I was confused by this world of ‘credit’ I apparently misunderstood.

So I began to search for a way to fix the reporting when the creditor and bureaus didn’t seem to want to help a consumer.

My search to help my homeowners remove foreclosure led me to a well to do ‘egg-headed hermit’ who’d supposedly cracked the code!

A good friend of mine told me about this ‘wiz’ she knew that had uncovered how creditors and the bureaus operated. She said he knew the laws really well and that for a few hundred an hour he’d talk to me about it. “He normally doesn’t meet with people at his house but I told him you were a good friend so you can set up a time with him and go to his house.”

I thought I was going to a house- but this was a mansion, an elegant estate.

I was intrigued but skeptical and my guard was definitely up. As I drove to his large wrought iron gate blocking the long driveway that led to his ‘house’ I realized it was not a house but a luxurious estate, I admit I was impressed- But I was still cautious that this might be some fraud ridden scheme hatched by some rich tycoon, or perhaps it was just another one of those lame ideas where you dispute the item ‘until it goes away.’

I stepped out of my car and walked quickly to the entryway.

As his maid swung the gigantic entry door open for me to come in I could see he had done something right, this place was a palace. I expected an uptight professor or attorney from the intro I’d been given but he wasn’t uptight at all- he was actually totally cool- albeit a little quirky, but most geniuses are. :) With all of the degrees on his wall, I didn’t relax. I’ve been sold complete crap by eloquent talkers and highly educated intellectuals before. I sunk into a deep leather chair and we began the consultation.

It was set at ease once we started discussing facts.

I was set at ease once we started discussing the facts. It’s a blur when he starts talking- I reviewed cases he’d completed and he was generous with the information, he didn’t hold back. I admit he was talking above my head but my pen was hot with notes about credit reporting laws, case laws, strategies and coupling the fresh ideas he was pouring over my head with my experiences dealing with every major lender. I could see this was good stuff, but would it work?? I lost faith when I saw his process for how to delete a foreclosure – it was complicated and I’m not a complicated guy- I like things simple…

I asked hundreds of questions and met with him several more times over the next few months. (I was honestly happy to pay every bill he sent me and it added up to thousands!) Each time I came back having tested what he’d told me and made my own adjustments to refine and make it easier. I’d ask him for clarification and approval of the modifications I’d made, in return he’d drop even more knowledge.

In hindsight I spent COUNTLESS hours and several sleepless nights worrying over the process and making sure it was fool proof and authentic.

I tested and tested and refined the process to 6 steps. It’s forever changed my response to the common concerns, “What can I do to fix my credit after foreclosure or short sale?” & ‘How to delete a foreclosure from credit?’.

“I just watched the training videos for the 6 Steps to Foreclosure Deletion. This is pretty amazing!”

Greg Wilson | Orange County, CA

BUT I PROMISED THIS STORY WOULD BE UNEDITED, RIGHT?

I guess I got a little cocky, cause after we’d done a few deletions I let a friend convince me to change up the process and do something the ‘wiz’ had told me NOT to do. Sure enough the client got sued by a creditor!! I sheepishly called my 'hermit' friend and he used words I won’t pass along to describe my level of competence and how screwed I was. He was right, that was a crappy day. Luckily for me we ended up working out a deal and the lawsuit was dropped. In reality, that was a great experience- it burned the importance of following the system and remaining humble deep into my brain.

What I’m trying to say is, be careful when you use this, you might need to consult an attorney if you get confused or have a hard time following a map.

So let me show you what you need to know first so you can understand How to Delete a Foreclosure.

The Laws that govern credit reporting and the FTC

What my 'hermit' friend taught me about the FTC and the law in our meetings is pure genius. Read below and see why you can legally eliminate items from credit- it’s based in the federal laws and interpretations given by the FTC. (the department in charge of regulating credit reporting.)

POP QUIZ:

How long does foreclosure have to be reported in a credit report?

ANSWER: As you read the law below you can see that it allows the creditor to report the derogatory item for not longer than 7 Years. Meaning they can report this derogatory info for 7 years- but not a day more. They can delete it prior to that time period referenced IF you can get them to delete it. The bureaus will not delete items for you.

FCRA
605. Requirements relating to information contained in consumer reports
[15 U.S.C. §1681c]
(a) Information excluded from consumer reports. Except as authorized under subsection
(b) of this section, no consumer reporting agency may make any consumer report containing any of the following items of information:
(1) Cases under title 11 [United States Code] or under the Bankruptcy Act that, from the date of entry of the order for relief or the date of adjudication, as the case may be, antedate the report by more than 10 years.
(2) Civil suits, civil judgments, and records of arrest that from date of entry, antedate the report by more than seven years or until the governing statute of limitations has expired, whichever is the longer period.
(3) Paid tax liens which, from date of payment, antedate the report by more than seven years.
(4) Accounts placed for collection or charged to profit and loss which antedate the report by more than seven years.
(5) Any other adverse item of information, other than records of convictions of crimes which antedates the report by more than seven years.
(c) Running of Reporting Period
(1) In general. The 7-year period referred to in paragraphs (4) and (6) of subsection
(a) shall begin, with respect to any delinquent account that is placed for collection (internally or by referral to a third party, whichever is earlier), charged to profit and loss, or subjected to any similar action, upon the expiration of the 180-day period beginning on the date of the commencement of the delinquency which immediately preceded the collection activity, charge to profit and loss, or similar action.
Patricia Villanueva

"Sean. I just love u. You have the same philosophy and morals. I think u are terrific!" Thanks Sean!

Patricia Villanueva | North San Diego, CA

BREAK THROUGH!!! It is the creditors who can delete the foreclosure for you!

This idea was so exciting because it confirmed the initial reaction I had to my clients challenge with how to delete a foreclosure from credit. You see, I told my clients to work with the creditors; I had taken the right action but in the wrong direction.

Before reading on: STOP! I gotta make this clear: You don’t have to validate or verify items in your credit report- BUT the creditor DOES need to verify them. The burden of proof is on the creditor and bureaus in any dispute! See below:

"Tuesday will be a big day for consumers as they gain important new powers to fix errors found on their credit reports," Senator Richard Bryan said. "Any consumer who has gone through the process of getting errors on their reports fixed, knows how helpful these new rights will be. Finally, the burden of proof will be on the credit reporting agency, not the consumer, when mistakes are found on credit reports."

http://www.ftc.gov/opa/1997/09/fcra929.shtm


What if the item is mostly accurate but you don't think the creditor has verifiable proof?

You can begin with a dispute of the item and if the bureaus report back that the account is a "verified" item, does it mean the bureau reviewed loan docs with signatures and personally verified the account??? NO- what It means is that somebody over at the creditor got a message from the bureau (likely through an online software like eOscar) they then looked up the info in their electronic network and said "yes, this is accurate, or we verify this account". But you still don't know if it was verified in fact, since computers and information get mixed up all the time and no one ever pulled the file from cold storage...

If the creditor can't VERIFY the account, it CANNOT be in your report. (period)

The FTC has a crucial statement in "A Summary of Your Rights Under the Fair Credit Reporting Act":

" You have the right to dispute incomplete or inaccurate information. If you identify information in your file that is incomplete or inaccurate, and report it to the consumer reporting agency, the agency must investigate unless your dispute is frivolous. See www.ftc.gov/credit for an explanation of dispute procedures.

Consumer reporting agencies must correct or delete inaccurate, incomplete, or unverifiable information. Inaccurate, incomplete or unverifiable information must be removed or corrected, usually within 30 days. However, a consumer reporting agency may continue to report information it has verified as accurate."

-From the FTC document, 'A Summary of Your Rights Under the Fair Credit Reporting Act' (emphasis added)

So you can challenge the method of verification and the bureaus will delete the item, right?? WRONG.

That’s fantasy- not reality. See reality below :-)

In this opinion letter from the FTC we learn that if you are not satisfied with the response of the CRA (Credit Reporting Agency), because you don't feel like they researched the account adequately, for example the foreclosure you want deleted, (and they don't- due to sheer volume) you can work with the creditor to get resolution and if necessary can sue the creditor for damages.

"Section 623 was added to the FCRA by the Consumer Credit Reporting Reform Act of 1996 (Public Law 104-208, Title II, Subtitle D, Chapter 1, the "CCRRA"). That major overhaul of the FCRA was signed into law on September 30, 1996, and most of its provisions became effective one year later. We understand your point that the obligations imposed by Section 623(a) on furnishers of information to CRAs (and the remedies it provides consumers for violation) are limited, and your view that CRAs should be more vigilant as a result. However, the FCRA imposed no accuracy duties at all on the furnishers of information to CRAs prior to the addition of Section 623 in the CCRRA. Even though the Section is limited in some respects, it imposes legal obligations where none existed before. Section 623(a)(1)(B) forbids furnishers from continuing to report inaccurate information that is disputed by consumers in writing to the address provided by the furnisher (using the procedure you cited). In addition, Section 623(b) imposes clear investigative duties on furnishers when they receive disputes from CRAs, and allows consumers to sue violators of this subsection to obtain damages (which may be punitive if the consumer shows willful violation) and attorney fees. Prior to the addition of Section 623 in 1996, the FCRA provided for none of those duties or liabilities on furnishers of information to CRAs."
-Excerpt from a letter the FTC sent to Mr. Watkins, dated June 24th, 1999. (emphasis added)
Mike Ceparano

"Sean, once again, you are leading us on another journey that will help everyone that follows your easy 6 steps. At first, I thought it couldn't be this easy, then I showed my attorney and he LOVED it so much, he bought the system too!

Mike Ceparano | Tampa, Florida

OVERVIEW of the 6 STEP Foreclosure Deletion Strategy REVEALED!

If you are going to PERMANENTLY REMOVE a foreclosure you need to:

Play by the rules- no funny business

  1. Dispute the item with the bureaus and creditor
  2. Contact the creditor W/O agitating them
  3. Define a settlement
  4. Sue them if necessary (specifically prepared lawsuit)
  5. Give them a last chance to settle
  6. Get a complete and permanent deletion of the item from all 3 bureaus
Joan Reid

"I wanted to drop you a note to let you know the great successes I’ve experienced with Mass Credit Control. I’ve had three clients get their credit cleared completely. One had filed a bankruptcy in 2006 and went through a foreclosure in 2008. Without going to court, we were able to get the foreclosure deleted. That’s a huge deal to my client who is now able to purchase a new home under the First Time Buyer Tax Credit program. Not only were we able to correct his credit, we got him $8,000! Not bad!

My other clients have had their negative credit for a short sale completely eliminated from their credit report. NOTHING shows! It’s as if the house, the late payments and the negative effects of the short sale did not even exist. One client now has a mid credit score of 721! Not bad for a short sale done in January of this year.

Not only do I want to thank you, my clients said to give you a “big hug” for helping them. I’ll give it to you the next time I see you!"

Joan Reid | California Real Estate Professional

When you complete the 6 steps to Delete a Foreclosure properly:

YOU GET A LETTER LIKE THIS AND THE ITEM IS DELETED!!

This is one of my early successes helping a family member get their foreclosure deleted.

Proof of Deletion

Proof of Deletion

Proof of Deletion

Proof of Deletion

Dustin Trump

“I was skeptical of the program, but liked that you offered a money back policy so I gave it a shot. You have surpassed your promises, I have already seen some results- the creditor signed the settlement! This was a great case of under promise and over deliver!! Thanks for letting me in the group."

Dustin Trump | Portland, Oregon

Should I show people How to Delete Foreclosures from their credit reports?

I wondered if it would be a good idea for me to share this publicly at first. But realize there are many people who could benefit by me taking the time to share this and keeping the price fair.

I decided that by sharing this information freely I’d attract more folks who share my philosophy: help homeowners negatively affected by the banks greed and to make an honest living for my family and the charities I support. (A portion of all sales for this program go to the interfaith council that feeds the homeless in North San Diego.)

I decided that by sharing this information freely I’d attract more folks who share my philosophy: help as many homeowners as possible and to make an honest living for my family and the charities I support.

In conclusion, I've discovered:

  • NEW method for deleting foreclosures and Short Sales from credit reports
  • Method has been proven in over 500+ cases (This number is rising daily)
  • The 6 STEPS are effective whether or not the item is accurate
  • A legal approach to Foreclosure/Short Sale deletion and How to Delete a Foreclosure
  • A simple approach that can be replicated by anybody
  • The answer to my clients question "What can I do to fix my credit AFTER Foreclosure or Short Sale?" &‘How to delete a foreclosure from credit?’.

Read below to see how you can take advantage of my experience and SAVE time and money.

DO IT YOURSELF FORECLOSURE DELETION

You could very well invest the time, sleepless nights, thousands of dollars and hundreds of hours figuring out the minute intricacies of How to Delete Foreclosure yourself- (I mean I have given you way more than what I had when I started.)

Or you can take advantage of my hard work and get the Complete Step by Step program “6 Steps to Delete a Foreclosure” to unlock the secret to Foreclosure Removal. It won’t cost you thousands of dollars and require as much thinking as it did me- I am making it available to you if you’re ready to start deleting a foreclosure or short sale from credit.

So, if you like what you see and want to get all of the short cuts, videos, strategies, methods and documents to delete a foreclosure or short sale from a credit report, See the Chart below:

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How to Delete a Foreclosure Program Details:

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If you're one of the PLATINUM Members who make it into this program, you not only get access to the 6 Step Training Program already discussed above, you also get lifetime updates to the course. (This is a value of $49 per year)

Here's everything that's included in the Platinum Membership program:

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Complete VIDEO training online in the Member's Area

You get ALL 6 Steps of the How to Delete Foreclosure program video training on the site, you can watch it over and over. No need to pay monthly fees, you get this info for life.

All Foreclosure Deletion Docs and Forms

You get all of the forms I have spent thousands of dollars to create and develop. These are the forms and docs we have used to delete incorrect foreclosures and short sales. Each form is easy to download, modify and use immediately.

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You get one full month (30 Days) to try my Foreclosure Deletion Course. If you don't like my stuff, you get your money back.

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Take care,

Sean Chapman

Sean Chapman