We recently began the journey to buy another home (five years post foreclosure). We are self-employed and doing a USDA loan- so it has been quite the ride. Yesterday the attorney called (we live in SC and it requires an attorney to do the mortgage) to say that we have an outstanding judgement against us. I just looked at it on the county records, it was last modified in 2012, our foreclosure sale was in October 2011. The amount is $19K+. The attorney stated that it was not a problem to go ahead with our current purchase, but we could not re-fi or sell our new house for five more years? I'm a little confused. If it were a public judgement wouldn'tt it have shown up on our credit somewhere along the way? Why did it only show up in court records, but not on our credit? What are my options here, and will this come back to bite us as we move forward? Wells Fargo was the bank we had our foreclosure with if that adds anything to the discussion.
Thank you for being a wealth of knowledge and so quick to offer advice on this board- youu guys are all awesome!
