How do you report someone who default on mortgage to credit bureaus?
Answers:
You don't. Commercial lenders do.
Both of the above answerers own it correct. If you aren't a commercial lender then you need a court command or a court judgment to affect the person's credit report.
I'm guessing FSBO with owner carry.
You hold to get a court order. Source(s): Oregon Realtor
With a court order.
Related Questions:
How does the credit crunch affect endowment mortgages and will the payout assemble the mortgage at the expire?
Good point .. some (a lot ?) of Endowments may well have be based on Bonds issued by failed US financial institutions .. and they are ALL related to the performance of the stock market...