Just sold a house but credit report shows I'm overdue on mortgage payments - Confused

[BridgetM]

So, I just sold a house in April after making every mortgage payment on time during the six years I owned it. Now, my credit report is flagged that I'm past-due on my mortgage payments despite the description of the credit account stating that it's a closed, paid-off mortgage account.

Will this remedy itself or should I contest it?

[Anonymous]

I am living a similar nightmare right now. I contested, sent proof of payments for each month the so-called- to-big-to-fail-bank said I missed. I also complained to the U.S. Office of Comptroller of Currency (although if your bank wasn't a BIG one, then the Fed will be able to direct your complaint). So far nothing has made a difference. I am 3 years into my fight! This has taken years off my life no doubt. I can't buy or rent anything! I have an average 700 score between the three agencies, make 50+ annual, and have a total debt ratio of only 38%, and can't buy, can't rent, and the city won't let me pitch a tent!

[Anonymous]

As an added bonus, the paid as agreed loan modification wasn't recorded, only the late payments on the mortgage.

[ShanetheMortgageMan]

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@BridgetM wrote:

So, I just sold a house in April after making every mortgage payment on time during the six years I owned it. Now, my credit report is flagged that I'm past-due on my mortgage payments despite the description of the credit account stating that it's a closed, paid-off mortgage account.

Will this remedy itself or should I contest it?

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I wouldn't count on it taking care of itself.  You should find out when the title/escrow/closing attorney sent the wire to pay off your existing mortgage balance, exactly how much was sent, and what the exact payoff amount was.  If it was $0.01 short then it's the same as being a full payment past due, and so that could be one explanation why... also if you hadn't made your March payment yet and it was sold in April then that is a 30 day late as well.  I'd also call up your bank and ask why they are reporting you late, they should know.