Had a 2nd mortgage go into default during short sale, then it was sold to a new lender. 2 months later short sale was finished.
My question is how this should be reported.
Currently I have 2 negatives on my report.
30, 60 from Lender A, then 2 120+ from Lender B(both months they owned it). There is know way to know it's the same loan.
So, is this expected. Had the loan not been sold there would be 1 negative report from 1 lender.
It also just didn't seem Lender B reports 120 late when they owned the loan only 60 days.
Maybe it doesn't make a difference if it would have been reported only 30,60,90, 120+ from Lender A if not sold?
Thanks for any input.