Yes, this is most definitely what lowered your score.
A late payment on a mortgage/installment loan and/or a charge off are one of the worst things to have on your CRs.
Having both of those combined is going to tank your score big time.
You can try disputing it......either for the lates or the CO status.......but just to warn you, this one will probably be tough if, in fact, it is being reported correctly.
Another thing you may try is a goodwill letter to the OC asking for forgiveness and maybe to at least remove the lates.. It would be ideal if they would somehow change it to a positive TL with no mention of lates or charge off but if this is a foreclosure......like I said, it's going to be tough.
Sorry.......probably not what you wanted to hear......but hopefully that helps answer your question.
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