Judgment and getting a home loan

[kal9988]

If my scores are over 700 but I have a Judgment on my public record (for $2,000), will it be difficult for me to get a loan?

[Anonymous]

Hi kal9988,

DH and I had no problem getting our home refinanced with a judgement showing on DH's.  It reports as "satisfied" - even though it was proven faulty and was not paid cuz it was not owed.  Our middle scores were both in the 720-730's.

How old is your judgement?  Was it paid? 

[gymbo731]

As long as its paid you shouldn't have a problem getting a home loan. If you have other derogs, then your chances go down. Almost all morgage lenders need to see your judgment paid or they won't give you a loan.

If you want a CC... then that another story. A judgment is a serious neg for a CC

[kal9988]

I'm trying to find a lawyer to fight the judgment. I had a creditor who claimed I owed them money. Their phone number was an automated service, so I wrote them a letter asking to explain what it was for. I never heard a response from them. A year later, my employer gets served with a wage witholding request from the judgment. I have no idea how they can get a judgment against me without me receiving a bill, letter or phone call for over a year.

The judgment is less than a year old. I feel that if I pay it, it will hurt my chances of getting the judgment removed in the court system. What do you guys think?

[Anonymous]

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@kal9988 wrote:

I'm trying to find a lawyer to fight the judgment. I had a creditor who claimed I owed them money. Their phone number was an automated service, so I wrote them a letter asking to explain what it was for. I never heard a response from them. A year later, my employer gets served with a wage witholding request from the judgment. I have no idea how they can get a judgment against me without me receiving a bill, letter or phone call for over a year.

The judgment is less than a year old. I feel that if I pay it, it will hurt my chances of getting the judgment removed in the court system. What do you guys think?

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Check the court records and see how they claim you were served.  If service was not properly performed, you may have a chance to file a Motion to Vacate and have it favorably considered.

[kal9988]

I was never served, EVER. My employer was served, not me. Does that help in my favor?

[Anonymous]

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@kal9988 wrote:

I was never served, EVER. My employer was served, not me. Does that help in my favor?

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That could be considered defective service.  You need to check your state's civil procedure law to be sure as it varies from state to state.