Old Mortgage company reporting me years after selling house?

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I owned a house, financed through GMAC mortgage from 2001 to 2005, when I sold it. Years go by, nothing wrong. As of January this year, they reported me for being delinquent on a single mortgage payment… 3 yrs later.

I started the process of a home loan app today with another company and they tell me I currently have a mortgage loan, for the exact amount of my old mortgage. I keep tabs on my credit using equifax.com and I had never seen antyhing. Today I check back, and now it shows I have a $ 130,000 mortgage (amount of my old house) to some comapny I’ve never heard of. In fact, there seems to be a few names involved – my credit report shows “NetBank” and the person processing my app shows RBMG, and I also saw a Resource Mortgage somewhere too. The only phone number I found is busy all of the time. I googled the address and it leads to south carolina consumer protection agency.

All of this is really weird. Anyone seen this before or have any idea what is going on?

  1. Reply
    May 2, 2011 at 2:34 am

    We pull a “tri-merge” report so just because it didn’t show up on Transunion does not mean it will not show up on the other two reports.
    All creditors have a right to show your history for 10 years…

  2. Reply
    Spock (rhp)
    May 2, 2011 at 3:18 am

    were I you, I think I’d suspect identity theft and file a report with my local police department immediately.

    [you do have the settlement form from the sale in 2005, correct?]

  3. Reply
    May 2, 2011 at 3:42 am

    Did you get a satisfaction of lien when the house sold? It would have been mailed to you after the fact.

  4. Reply
    May 2, 2011 at 4:06 am

    It sounds like identity theft. Or else there’s a bunch of mistakes somewhere. But I have a feeling someone is doing something illegal and they are using you to do it.

  5. Reply
    Expert Realtor
    May 2, 2011 at 4:14 am

    Your loan officer can have his loan processor double check the accuracy of the account and the late payment.

    It’s done all day, every day, and your loan officer should have informed you that it’s an option.

    You also need to get the loan officer to give you the phone numbers as they appear on the ‘credit report phone book’.

    The information that lenders get on the credit reports that they pull, is alot more than what you see when you pull your own.

    I would wager that the credit repository probably has a policy that a late payment cannot be reported 3 years later.

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