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Registered: ‎11-11-2011
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Please Help me Clear up this dispute!

Hi All,

 

I'm a newbie here.  Thanks in advance for any advice, and sorry for the long post but it is kind of complicated...

 

In 2008 I had a mortgage with Flagstar Bank.  I sold the home and closed the mortgage, but it was a short sale.  Flagstar agreed to the sale and that they would consider the mortgage paid, however they required me to sign a new unsecured agreement to pay them $24,000 interest fee over 10 years.  This was an unsecured agreement and their way of trying to recoup some of their loss.

 

In 2010 I filed for BK and this loan was discharged as part of that BK, however in checking my credit report recently I noticed that this account was still showing a large balance.  I disputed that balance, and Flagstar did change it to reflect $0 however they  are now showing that the entire mortgage was discharged through bankruptcy.  This is not correct and I'm concerned that it will reflect poorly as I try to rebuild my credit and ultimately obtain a new mortgage.

 

Can anyone give me some guidance on how to handle this?

 

Regards

Mike

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