judgment against me

Anonymous · ‎08-07-2009

looking to get first mortgage but i have a judgment against me for a car repo in 2004 never was served to my knowledge can i fight this will it prevent me from getting a loan my scores are tu 705 ex 660 eq 630

also i dont use a bank for savings i get money direct deposited then i take it out cause i would rather burry it will that hurt me

Anonymous · ‎08-07-2009

If it is a FHA or USDA loan then you will need to get the judgment paid or removed before they issue the mortgage regardless of your score. They may pre-approve you and give you that 30 days before closing to settle it, they may also allow you to settle it at closing, but it needs to be settled.

For a conventional loan I would assume the same applies.

BrianB_The_Loan_Professor · ‎08-08-2009

yep make it go away or no loan

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Brian B The Loan Professor
Mortgage Banker - offering FHA, VA, USDA , and Conventional mortgages in all 50 states -

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