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.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.