Comments on: Can credit bureaus report late payments after a sheriff sale? http://www.debtconsolidationcap.com/can-credit-bureaus-report-late-payments-after-a-sheriff-sale.html Sat, 26 Sep 2009 12:53:09 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Dark Green Money http://www.debtconsolidationcap.com/can-credit-bureaus-report-late-payments-after-a-sheriff-sale.html/comment-page-1#comment-1997 Dark Green Money Wed, 16 Sep 2009 17:02:38 +0000 http://www.debtconsolidationcap.com/can-credit-bureaus-report-late-payments-after-a-sheriff-sale.html#comment-1997 The sheriff sale is all about ownership of the property. It has little to do with the debt. Unless the proceeds of the sheriff sale were enough to pay off the mortgage in full with every fee they tack on in addition, you're still late. Obviously the outstanding balance on the loan is lower, but it is still an outstanding debt. Probably an exception is if your state does not allow for deficiency balances or if the judge ruled that they did not deserve one. The sheriff sale is all about ownership of the property.
It has little to do with the debt.

Unless the proceeds of the sheriff sale were enough to pay off the mortgage in full with every fee they tack on in addition, you’re still late.

Obviously the outstanding balance on the loan is lower, but it is still an outstanding debt.

Probably an exception is if your state does not allow for deficiency balances or if the judge ruled that they did not deserve one.

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