Keep in mind that information on a credit report must be reported accurately. Removing a short sale or foreclosure is no different than any other account regarding accuracies. If they are not accurate, you can dispute the account and if not verified, it must be removed.

“Are the dates and amounts reported correct? Does it states or listed as a ‘charged off’  when funds were accepted for release of the lien? Does the credit report reflect the account as being closed? Often the account is being reported as open and if they are you can dispute it.

One way to challenge a mortgage issue is determine if the lender or load servicer made a mistake regarding their mortgage. The Real Estate Settlement Procedures Act, http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/rmra/res/respa_hm RESPA ensures that consumers throughout the nation are provided with more helpful information about the cost of the mortgage settlement and protected from unnecessarily high settlement charges caused by certain abusive practices. If they feel mislead,  the borrower can file a Qualified Written Request for information about all questionable fees, entries, documentation and a life of loan history (all fees and payments ever made on your mortgage) from their lender.

The lender has five days to acknowledge receipt of the request and 21 days to provide the requested documentation or request an extension with an explanation of why an extension is needed. Often as of this date, you will be hard pressed to find a lender that has fully complied with the QWR, or responded in the time set forth by the federal guidelines.

Consumers may file a complaint with the lender(s), and in most cases against the three credit bureaus. If the lender does not respond, or refuses to comply with the borrower’s QWR, the borrower may take the matter to small claims court and sue the lender.

Therefore, it is possible to have items removed BUT in some cases, they will correct the reporting and leave it there as verified.