BB&T Financial Mortgage Complaint

Conventional fixed mortgage Loan modification,collection,foreclosure

BB&T Financial Mortgage department,

Conventional fixed mortgage Loan modification,collection,foreclosure Virginia

I had a mortgage through BB & T for a home originating - -. The house was sold in - - as a Short Sale per agreement with BB & T. The Short Sale was reported as a Foreclosure on Equifax credit report that was run - -. - credit shows Mortgage was reported as " Paid For Less Than Full Balance ; Foreclosure ; Fixed Rate. '' However, per BB & T letter dated -/-/-, " The loan is to be reported as " settled '' ( LOAN PAID IN FULL FOR LESS THAN THE FULL BALANCE ) to the appropriate credit repositories. '' I need my credit corrected to show Short Sale for the BB & T mortgage instead of Forclosure ; Paid for less than full balance.

BB&T Financial customer in Virginia
Aug 28, 2016

* Source: CFPB Complaint Database

BB&T Financial response to complaint:
Closed with explanation

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