Credit Card Center Advertiser Disclosure†
10-16-2012 12:30 PM
Are you in the process of paying them? Do you have a payment plan set up? I believe that any judgment or lien on a credit report or found during title search needs to be settled before you can get approved for any mortgage.
10-16-2012 02:03 PM - edited 10-16-2012 02:05 PM
I had a SC tax lien for $173 from 1994 showing only on one credit report hold up my VA Loan preapproval. I had already taken care of this lien back in '94 but in order to move forward I had to have proof of satisfied lien even though the reporting credit agency agreed to remove because of age and amount of loan. Many phone calls later I had them e-mail me a copy. So from my experience I would say you need to address these liens before going forward with a mortgage.
10-16-2012 02:17 PM
Definitely before you can close the state lien needs to be addressed on a VA loan. They will want to see a payment plan set up if it has not been paid in full and that you have been paying on that lien.
10-18-2012 09:27 AM - edited 10-18-2012 09:29 AM
I have a satisfied state lien showing on my credit report and although it is paid/satisfied/released it remains on my Equifax credit report. The bureau told me I have to wait for it to fall off but the other two CB's removed it. Any ideas? I wanted this to come off before I apply for a home loan.