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    SUMNER GRAD's Avatar
    SUMNER GRAD Posts: 1, Reputation: 1
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    #1

    Dec 29, 2012, 07:51 PM
    Title company errors
    I am attempting to do a short sale and just discovered that in 2006 I refinanced my home and one of the two loans used to refinance in the amout of 110,000 was not taken off the credit report. I believe the term for this is reconveyed. I am working with an attorney and she states that the title company doesn't know what they can do about this error and my attorney does not know what to do. I thought that they were the experts. At any rate, my attorney asked me what I did with the loan that I took out for 110,000 and my answer is nothing because I never took a loan out. If I would have taken the loan out wouldn't I have made payments on this or did someone just give me 100,000 dollars. Please advise.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Dec 29, 2012, 08:32 PM
    If the only issue is that it is showing up on a credit report, ( no one is actually trying to collect) You challenge in writing with the credit reporting agency that this is a valid loan.
    The reporting agency then attempts to verify with loan company who will now it is not a valid loan and it drops from the report.

    Can take a month or two to get it down but that is how it gets off the report.

    You will have to do this with each reporting agency separately
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