Jump to content

Please consider disabling your adblocker for CreditBoards if you have not already done so.  This site depends on advertising revenue to stay online.


Sign in to follow this  

BofA short sale complete but still reporting as open/late

The last post in this topic was posted 1149 days ago. 

 

We strongly encourage you to start a new post instead of replying to this one.

Recommended Posts

On February 14th I completed a short sale with Bank of America. The property is finally out of my hands after a lengthy battle.

 

As of today, all three of my credit reports are still showing the account as open and 120+ days past due. On none of the reports is the line item reported as closed or settled for less, and the remaining balance is being factored into my overall credit usage. I made the last payment in October 2016. On all three credit reports the last date that the line item was reported was February 10th, 2017.

 

Initially I was going to opt out of as many data aggregators as possible, wait for Bank of America to update the line item as closed, and contest the line item as not mine. I figured that at the minimum, I would be opted out of a bunch of tracking, and if the credit bureaus declined to remove the line item then so be it. Life got in the way, though, and I only got as far as having all of my old addresses deleted and opting out of LexisNexis.

 

What's my play here? I know that I should probably contest this as an incorrectly reported account, but I fear that if the credit bureaus request an update then Bank of America will simply confirm it and then report it as closed and settled for less. Then I won't be able to contest it as not mine.

 

Should I just go ahead and report it as incorrect, and hope that Bank of America fails to respond?

Share this post


Link to post
Share on other sites

The last post in this topic was posted 1149 days ago. 

 

We strongly encourage you to start a new post instead of replying to this one.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  




  • Member Statistics

    • Total Members
      179,047
    • Most Online
      2,046

    Newest Member
    iamjamielyn
    Joined

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×
×
  • Create New...

Important Information

Guidelines