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Home > Money & Services > Real Estate   »   How do I report the foreclosure on a seller financed mortgage

 
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Old Nov 13, 2007, 07:25 AM
rblum
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How do I report the foreclosure on a seller financed mortgage

I sold my home to a family member who has decided not to pay for it. They have signed a quit claim deed that is in the process of being recorded with the county. The title never changed hands because we still have an outstanding mortgage. How do I go about reporting this to the credit bureaus? Also is there any way to pursue getting the money we are owed even though they currently don't own a home. This is their second foreclosure this year! I don't want to see anyone else deceived as we were.

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