Sold my home on May 1st. The mortgage co. received a loan payoff, but said the lien hasnt been released yet %26quot;takes up to 30 days%26quot;. Does this have anything do with my credit report if I am now looking to buy a car in the next few days? When EXACTLY in the month are reports updated? Since I have also paid off a lot of card debt to help my score.
Mortgage co. hasnt released lien yet, is this on credit report?
The day escrow closes and the deed is recorded the house is no longer yours. You need to get a copy of the Final HUD1 showing the sale. Also a copy of the recorded deed.
It might take a while before the Mortgage company sends you a copy of the reconvence, in the meantime use these documents to prove the house is sold. Good Luck.
Mortgage co. hasnt released lien yet, is this on credit report?
Many creditors send all of their data to the CR companies once a month. This could be the cause of your dely. You could bring your payoff statement to the car lot to show that it is indeed paid off.
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