Iowa Sheriff

Can credit bureaus report late payments after a sheriff sale?

I had a foreclosure back in 1/07. My credit report shows the foreclosure; however, is reporting late payment after the sheriff sale. It shows the final date of 11/07. Is there anything I can do?

Public Comments

1. 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.