...on a paid and cancelled mortgage note. My mortgage was PAID and cancelled in Feb of this year. (2005) Yet as of 7/11/05 the bank reported it to the credit bureau as a FORECLOSURE. The note in my hand is stamped PAID and Cancelled yet for 7 months they continued reporting my loan in a delinquent status AND then finally in a foreclosure. I am just finding this out as I am in the process of buying another home. Do I have any legal recourse? This has DESTROYED my credit score over the last year. And I am just finding out about this.