reported as "Charged Off and remaining balance outstanding" Approval Letter

Has anyone had this verbiage on an Approval Letter from BAC?

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Comment by Joseph C. Alfe on November 13, 2011 at 11:50pm

charge off or settled less than full balance....both the same...

Comment by Ramzi on November 11, 2011 at 3:32am

I am a seller and just completed a short-sale with WF, the 1st was approved and 2nd was charged-off. Based on my limited knowledge having a charge-off on the credit report is worse than having a fully released deficiency. I called WF and they said I am no longer responsible to pay the deficancy on the second and it has been fully released but reported as "charge-off"

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