Does anyone know the approximate effect of having an account status listed as a "collection" versus "120 days past due"? Which would be preferred if you wanted a higher score?
I don't think either status would be considered completely accurate in my case since it is a purchase money second mortgage that had been foreclosed on by the primary in a non-recourse state, but I figure either of those are preferred to actually being listed as a "foreclosure". The first shows up with "120 days past due" and lists "foreclosure" in the notes section. I suppose that is because it was of the non-judicial type.