Reply
Contributor
Posts: 75
Registered: ‎10-28-2010
0

I have a judgment that shows on nothing but...

When I applied for my mortgage through this program the bank was having i was preapproved and then they ran it again and dug deeper and saw the judgment/restituion i have to pay that i have been paying since i got it in 2008. So the bank said if the goverment isnt willing to let them get first dibs then they cant give me the loan. Is there anyway to apply for a mortgage while making your payments on your restituion on time? i owe 33,000 which i dont see me paying that of anytime soon.


Starting Score: 700
Current Score: 754
Goal Score: 800


Take the FICO Fitness Challenge
CapitalOne - 1k
Barclay - 3.8k
Chase Freedom - 2k
Citi Bank diamond perffered - 5k
Discover - 5k
Amex blue cash perffered - 2k
Contributor
Posts: 75
Registered: ‎10-28-2010
0

Re: I have a judgment that shows on nothing but...

ANYONE?


Starting Score: 700
Current Score: 754
Goal Score: 800


Take the FICO Fitness Challenge
CapitalOne - 1k
Barclay - 3.8k
Chase Freedom - 2k
Citi Bank diamond perffered - 5k
Discover - 5k
Amex blue cash perffered - 2k
Frequent Contributor
Posts: 382
Registered: ‎06-26-2012
0

Re: I have a judgment that shows on nothing but...

I'd be willing to bet that all they show on whatever system they found it on, that its an unpaid judgement.

 

To them it doesn't matter if you've paid everything but $1 or if you haven't paid a penny, all they know is that its not paid.

 

Usually they will not give out a mortgage as long as there are open judgements/collections that are unpaid.

 

If your paying via a wage deduction (i.e. your employer is automatically deducting it from your pay and sending in the payments) you could try calling the attorney of the plaintiff that filed the judgement and ask for a letter stating "this was the total judgement amount, this is how much has been paid, we've agreed to a payment plan of $X per week/month and it is being paid directly through a wage garnishment." you could try that and see if they would then basically figure it in as though its an installment loan with a manual review.

 

But right now since its not PIF already its probably showing up as "unpaid" so like I said in there mind your not paying it even though you are....

 

Also you'd probably get better answers from people in the Mortgage section as they have all been there done that. Not everyone in the rebuilding thread either has a mortgage or has had issues with one in the past.



Current: Eq- 624 Ex - 631 (lender pulled) TU - 661 (lender pulled)
Goal 700+ across all three
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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.