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Posted in Mortgage
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PrincessConsuelaBH

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Is an OPEN status on old morgage bad?
I had to short sell my house 2 or so years ago and in the midst of that, we missed a few payments (because you must become deliquent to qualify to short sell). We sold the house, but under the discrepencies on my report, it shows this and it has an "open" status. This should be closed but is the "open" status affecting my credit?

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Top Contributor
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hard to say with out seeing the complete

Credit Report.  If it is still showing as an open account with deliquent payments, File  a dispute with the CRA's (credit reporting aganecy's) you can do this dorectly on their respective websites.  it only takes a couple of minutes. 

Reporting an old account, especially one that you no longer responsible for can bring down your score significantly.  It should have been closed when the house was sold.  If it is not reporting negitively, it may actually be helping your score,

So take a close look at your CR and see if you can tell how its being reported. Then take action. 

Good luck

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