Fha loan and judgement
Fha loan and judgement
i am applying for a fha loan. On my husbands credit report a judgment from 2004 popped up on experian. He settled in 2006 and was able to have it removed from equifax and transunion. When he settled the collection agency never sent him a settlement letter. Now the collection agency and lawyers are no longer in business. The court does not have the file because it is too old. My husband does not have the proof of payment anymore. The judgement does not show up on the title search or the 2 credit bureaus equifax sent us a letter this year saying the judement was satisfied and deleted it off the credit report. Just experian wont take it off. Now the lender wont approve the loan. My attorney said i can put 3x the amount of money owed on the judgment in escrow and when the court gets the file in 2 months we can pay it if is not satisfied. Can we do this with FHA loan. The lender said we can not.
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