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#2026312 - 07/09/15 06:59 PM Need E-Oscar Help Please
HRH Okie Banker Offline
Power Poster
Joined: Jan 2003
Posts: 3,070
Oklahoma
The transaction is not the norm for us so I'm rather in the dark about the proper way to report this loan. How do you report, via E-Oscar, a loan that was settled by a short sale of the collateral and the bank (crammed down to current collateral value) charged off $100k?

Special comment code of: Account paid in full for less than full balance

or

Account Status: Unpaid balance reported as a loss by credit grantor (charge off)

TIA
_________________________
Just working here until I get my letter from Hogwarts.

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Lending Compliance
#2026377 - 07/09/15 09:07 PM Re: Need E-Oscar Help Please HRH Okie Banker
HRH Okie Banker Offline
Power Poster
Joined: Jan 2003
Posts: 3,070
Oklahoma
Got it - Special comment code.
_________________________
Just working here until I get my letter from Hogwarts.

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