Hi,
I'm trying to figure out if this is legal:
My second mortgage is reported by the OC as transferred/sold, $0 Balance, Current Status 120+ past due.
They sold it to a different lender when it was already past due - NOT to a CA. It is reported with the same account opening date and the same last 4 digits of the account number. They previously reported it as a foreclosure and are now reporting as IIB/$0 Balance.
The initial lender was HSBC Mortgage and they transferred to HFC.
I know that an account be reported by the OC and a CA the same time - but are they allowed to report both accounts like that? Shouldn't the OC be removed?
I'm trying to figure out if this is legal:
My second mortgage is reported by the OC as transferred/sold, $0 Balance, Current Status 120+ past due.
They sold it to a different lender when it was already past due - NOT to a CA. It is reported with the same account opening date and the same last 4 digits of the account number. They previously reported it as a foreclosure and are now reporting as IIB/$0 Balance.
The initial lender was HSBC Mortgage and they transferred to HFC.
I know that an account be reported by the OC and a CA the same time - but are they allowed to report both accounts like that? Shouldn't the OC be removed?