AFAIK, they can report the lates but have to specify that the account is being "paid as agreed" and no longer in default.
Rehabbing a loan doesn't make it magically appear to be perfect, AFAIK, just no longer a default (which is probably equivalent to a foreclosure in terms of ugliness).
Forgot to ask: Are you SURE it's been rehabbed completely? The criteria for rehabbing depends on the loan, of course .. but it's usually a minimum of being on the program for 9 months-a year. Becoming "current" isn't the main criterion.
I don't know how that would work, though ... if becoming current on the loan only took, say, 6 months, would the extra 3 months still be necessary??? Anyone know???
Message Edited by Wonderin on 06-16-2008 01:04 PM