11-16-2012 03:56 PM
Hi. We are newly pre-approved and have just started looking for a new home. Is there a way to update a credit report to show accounts that are paid off. Our mortgage approval is contingent on debts that we have paid off showing a zero balance on our credit reports. The lender requested a 45 day escrow to ensure this happens, but our realtor is saying this is a problem for some sellers accepting our offer. Thanks.