Miami, FL asked in Banking and Real Estate Law for Florida

Q: a loan servicer wrongly reprted to a credit beareu during Covid 19 forbearance and created a loss of refinancing? Help?

A lender reported to credit agency during COVID 19 Forbearance. It negatively affected a refinance and canceled closing. I was informed it would not be reported and would not negatively affect us in anyway since we are current. Did they break law reporting it and affecting my refinance that was already scheduled for closing?

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2 Lawyer Answers
Bruce Alexander Minnick
Bruce Alexander Minnick
Answered
  • Business Law Lawyer
  • Tallahassee, FL
  • Licensed in Florida

A: It is impossible to understand what happened here because you are using terms and phrases that are unclear. Suggest you take all your papers to a lawyer in your area and let them figure it out and possibly help you.

Jeffrey Snyder
Jeffrey Snyder
Answered
  • Jacksonville, FL
  • Licensed in Florida

A: What, exactly, was reported? You failed to disclose those facts. You then stated it would not be reported, do you have that in writing? Were you actually current in the debt that was disclosed?

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