Checked my credit report today

[beachymama]

and it shows a change on 4-10-09:

INDYMAC BANK
Account Status: BANK ADJUSTMENT / DEED IN LIEU / BANK LIQUIDATION
Status Date: 04/06/2009
Balance Amount: $297642

They filed a foreclosure summons against me in late March. The 20 days is up tomorrow I think.

Is this how they report a foreclosure? They are supposed to be working out a modification plan (fingers crossed) but.... nothing yet.

[StartingOver08]

OP, aren't you in your automatic stay already? I thought you had filed before this....if you have then they can only report that the mtg is iib (included in bankruptcy) - they can not report the foreclosure on your credit report after your filing date. They can only report it if it happened prior to your actual filing date.

You can correct it, but you have to go through the dispute process. Wait until you are discharged to do that as it will be a 'continuing' process.

[beachymama]

I have not filed yet

I have only paid the retainer, but will be filing as soon as I am on my summer break from school.

So this is what a foreclosure looks like on a credit report?