Confused on this reporting.

[MePlusThree]

I believe this is reporting incorrectly and should have a little more info when I get my login for my credit monitoring but it's killing me in the meanwhile.

Account Name Account Number Date Opened Balance Date
Reported
Past
Due
Status Credit Limit
AVELO MORTGAGE XXXX 02/19/2006 $0 12/19/2011 $0 120+ DAYS
PAST DUE
AVELO MORTGAGE
600 E. LAS CALINAS, #620
IRVING , TX-75039
(972) 910-7152
Account Number: XXXX Current Status: 120+ DAYS PAST
DUE
Account Owner: Individual Account. High Credit: $ 105,300
Type of Account : Mortgage Credit Limit:
Term Duration: Terms Frequency: Monthly (due every
month)
Date Opened: 02/19/2006 Balance: $ 0
Date Reported: 12/19/2011 Amount Past Due: $ 0
Date of Last Payment: 10/2009 Actual Payment Amount:
Scheduled Payment Amount: $ 908 Date of Last Activity: N/A
Date Major Delinquency First Reported: Months Reviewed: 8
Creditor Classification: Activity Description: N/A
Charge Off Amount: Deferred Payment Start Date:
Balloon Payment Amount: Balloon Payment Date:
Date Closed: 04/2011 Type of Loan: Conventional RE
Mortgage
Date of First Delinquency: 04/2008
Comments: Foreclosure
81-Month Payment History
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011 * * * * * * * * * * *
2010 * * * * * * * * * * * *
2009 * * * * * * * * * * * *
2008 * * * * * * * * * * * *
2007 * * * * * 120 * * * * * *
2006 * * * * * * * * * * *

Stars are good btw. Means 'pays as agrees'

K, They didn't OWN this account as long as they're reporting. It was transfered to Litton Loan. I don't get how they can keep reporting/report it as late when they don't own it, and especially since my star say with the one exception I pay as agree.

Now on to Litton Loan...

LITTON MTG SERVICE CENTER
24 Greenway Plz # 712
Houston , TX-770462401
Account Number: XXXX Current Status:
Account Owner: Individual Account. High Credit: $ 77,507
Type of Account : Mortgage Credit Limit:
Term Duration: 28 Years Terms Frequency: Monthly (due every
month)
Date Opened: 02/01/2006 Balance: $ 76,674
Date Reported: 04/01/2011 Amount Past Due: $ 21,555
Date of Last Payment: 10/2009 Actual Payment Amount:
Scheduled Payment Amount: $ 992 Date of Last Activity: N/A
Date Major Delinquency First Reported: 04/2010 Months Reviewed: 52
Creditor Classification: Activity Description: N/A
Charge Off Amount: Deferred Payment Start Date:
Balloon Payment Amount: Balloon Payment Date:
Date Closed: Type of Loan: Conventional RE
Mortgage
Date of First Delinquency: 11/2009
Comments: Collection account,
180 Days past due
81-Month Payment History
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2011 180 180 *
2010 * * * 180 180 180 180 180 180 180 180 180
2009 * * * * * * * * * * 30 60
2008 * * * * * * * * 120 * * *
2007 * * * * * * * * * * * *
2006 * * * * * * * * * * *

Mind you, this is the same loan... just sold off to another comany...

The Litton 'outstanding loan' portion has been discharged as far as I know. I'd pulled up another credit report that read 'colateral sold to satisfy loan' or something along these lines but I don't have that one saved. Once again I should know more when I get the other 2 reports in a day or two, but I'm impatient.

Does this read as correct to you smart credit people or seem like a reporting mistake?

[DaBears]

Can you copy and past from your actual report? 3rd party monitoring is not very accurate. Have you gone to www.annualreditreport.com? 

[MePlusThree]

That's where that came from, didn't paste well however.

[RobertEG]

Very confusing.

Avelo appears to be the OC loan with a date opened of 2/18/2006, which went into forclosure?

Sold to Litton, and thus Avelo now reporting $0.

Litton shows as a collection with a date opened of 2/1/2006?  How so, as that is prior to the OC account open date?

They appear to be reporting as a creditor, not a debt collector.  When did they actually become involved?

The interveing stars dont appear to be reporting paid, good standing, as the delinquency levels incresed, and DOFD was not reset based on a new first late.

How was the loan "discharged?"  Who discharged it?  Was there a sale after forclosure?

Can you put the account history into words explaining the journey?

[MePlusThree]

I can try! HSBC was the orginal creditor. About 2 months in they sold it to Avelo. I was a good kid for awhile, my ARM hit, fell behind. I was in pre-foreclosure and was offered a 'buy out' (refiance) from litton. They took over and I made a few payments until my (now) husband and I slit up, house started slipping away again, ultimantly being foreclosed on. It was sold for around $25,000. I don't know where they'd get the $21,555 from... On my other CR however it said "Collateral sold something something satisfy debt" saying I was good, plus I got a 1099. Of course I had no idea what it was, what it was for, or that maybe I'd want it later in life. I hope that helps.

The 'Payment history key' says * means Pays or Paid as Agreed. It's green on my report. I can't get it to show like that here.

[MePlusThree]

Credit Grantor reclaimed collateral to settle defaulted mortgage<---- Found it. Experian says this.

(Which apparently means nothing and I could be SOL. I'm in Michigan)