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Updated over 7 years ago on . Most recent reply

User Stats

257
Posts
18
Votes
Mark Beekman
  • Investor
  • Phoenixville, PA
18
Votes |
257
Posts

Tax Sale Foreclosure: Does it affect credit reports?

Mark Beekman
  • Investor
  • Phoenixville, PA
Posted

I posted this elsewhere, but I’m thinking this is a better place to ask:

I have a property in PA in my own, personal name that I’m thinking of letting go to tax sale. Will this affect my credit reports in any way?

The property in question has no other liens or encumberances on it and is not listed as a current or previous address on any of my reports. If it sells at tax sale for less than the taxes owed, is there a potential for a deficiency judgment, or does that not happen with tax sales?

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