Posted on: 18th Feb, 2011 09:39 pm
I recently short sold a home in AZ. I was current on all of my payments for both the 1st mortgage and the heloc. I recently pulled my credit report and it shows that the bank listed my account as a charge off, in collections, and as a skip. It also show the first date of delinquency as 11.1.2010. The fact is that I never missed nor had a late payment, the account balance is showing as $0, the account also shows as paid. The account also shows as Settlement accepted on this account , Charge off account, paid. I just want to know if an account can be all 3 at once. I also want to know if they reported it correctly.
Hi jsixkiller,
After the short sale, if you've paid off the HELOC in full, then the lender won't be able to list it as settled or charged off. You should contact your lender and clarify the matter.
Thanks
After the short sale, if you've paid off the HELOC in full, then the lender won't be able to list it as settled or charged off. You should contact your lender and clarify the matter.
Thanks