Second Mortgage Charge Off

[Erik2013]

CBer's,

 

I want to ultimately get a second mortgage charge off tradeline removed or at least changed to a more favorable status.

First attempted a loan mod that was eventually denied. I then proceeded to do a short sale.

The dates and amount from the short sale are correctly reported on my CR.

I have read Psych Doc's transcript, which had a lot of good information, but I didn't see specifics for dealing with a mortgage charge off.

When dealing with the OC he recommended using the FCBA, but to me that seems more for credit card billing errors.

I am thinking I should try sending a validation letter, but wanted to get some advice.

If it matters the OC is B of A, the amount is $73K, first payment missed was 12/2009, short sale closed in 03/2011, and I am in California as was the short sale.

Any help would be greatly appreciated.

 

Regards,

 

Erik

 

 

 

[Erik2013]

Bump

[allminericky]

Yes...good questions, im waiting as well...

[road2freedom]

If this was a short sale and the balance charged off, then it's like any other credit dispute. Your best bet is to challenge the validity of the trade lines with the CRAs. You'll probably be at this for a while. Good luck.