Can I remove a duplicate derogratory for the same mortgage loan?
In 2009, I was in the process of doing a short sale for my home. I had a 1st and 2nd mortgage with Aurora Loan Services. After someone made an offer on my home, Aurora transferred my 2nd Mortgage to BSI Financial. I wasn’t not making payments to the 1st, 2nd, and now BSI. The short sale was approved and all three companies now report on my credit report as “Closed, Loan Settled For Less than Original Amount.” I am not disuputing the negative hits on my credit; however, I now have 3 derogratories instead of 2. In other words, is there anyway to get Aurora to stop the negative reporting on the 2nd mortgage since they transferred the loan. This is causing me to have two negative hits for the same loan. Any ideas how to remove it. I disputed this with the credit bureaus and they responded by saying they verified I did have a 2nd with Aurora and no further explanation. I never spoke to a live person and don’t know if that is possible. Is there any hope in removing one of derogratories for the same loan?