My question involves a mortgage in the state of: CA
In 7/08 I had a rental property with a 1st and Home Eq Loan. Neither were purchase money loans. The property was then re-sold to another party in 8/08. The SOL in CA is 4 years from the date of the last activity on the credit report which was 7/07. I do believe I'm beyond the SOL for the 2nd to obtain a judgement. The 2nd is reporting on my credit report as "charged off" with a balance owed of $71,000 and has it listed as an OPEN account. From everything I've read about charge offs this accounting action permantely closes the account. I know if the loan was within the SOL I'm still liable, it can be sold to a collection agency, etc. The bank tells me the account is permantely inactive, no payment is owed and they will not pursue any payments. How do I get them to report the account as closed?

