Legal Question in Credit and Debt Law in Florida

I had a second mortgage and was trying to get rid of some debt so we asked them if they would give us a settlement payment they said ok we paid what they asked for and with-in a month and a half I got paper work in the mail that said satisfaction of mortgage and gave all the papers back that I signed we I got the loan. I went to get preapproved for a loan to buy a house and it showed up on my credit report that the second mortgage still had a balance and it was 90 days behind what can we do to fix this problem


Asked on 8/16/12, 4:38 pm

1 Answer from Attorneys
Joseph Justice The Justice Law Firm

The satisfaction of the mortgage needs to be recorded the same way a deed does. Have you tried contacting the mortgage company to see if that is a mistake? You can also dispute the amount with the credit reporting agencies since you have documentation that the debt has been satisfied. If the information remains, try contacting a lawyer who practices consumer protection law. There are laws related to credit reporting that prevent companies from reporting inaccurate information.

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Answered on 8/17/12, 11:10 am


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