Judgment on my credit
I am trying to buy a home and a judgment from 2009 showed up. This was a business credit card with 2 other users on it. Since then the business has closed and the owner has passed away. I was taken advantage of by these people. I t was not even more store. After they ran up the credit card they instigated a fight and told me never to come back. Is there any way I can get around this? by ksandak301 from Hawthorne, New Jersey. Nov 5th 2014
Edward Fallon (edfallon)
#89 ranked lender in Pennsylvania - 143 contributions
Possibly. I'd like to talk to you about it and see what kind of documentation you have. Can you contact me at 610-308-9001? Ed Fallon, Univest Bank & Trust Co., NMLS#144708
The key to a judgment is being able to show/determine that a lien can not be placed on the home. Sometimes that is tougher to prove than you might think. If you would like to contact me through my profile we can discuss this situation further.Joe CafieroGuaranteed Ratejoe.cafiero@guaranteedrate.com484 348-1781
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
unfortunately, a judgement is a legal action that reflects on your credit report, and every lender in the country will require it be paid prior to obtaining financing.. Even if your credit score was 750, you would still be denied if you have an unsatisfied judgement.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
Carlos Figueira (carlosfigueira)
#107 ranked lender in New Jersey - 199 contributions
If it is on your credit the only way you can close is to have it satisfied. If it does not show up on your credit report than it is not a problem and you can purchase your home. Beware that if you go to sell or refinance in the future it will have to be addressed as it attaches to the home once you are the owner. E-mail carlos@keypointmtg.com or call me with any questions as I am a local broker in NJ.
Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions
If it is too large to deal with, most judgments expire after 10 years in most states. You could lease with the option to purchase, as an alternative.
Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions
Due to title issues, I've never found a situation where the judgment did not have to be resolved or removed but there may be some flexibilty depending on state laws and documentation you can provide
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