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Guest

A tax lawyer told me that a judgement would be on the credit for 10 years and then come off, I believe that was from roni duech that only deals with taxes owed to irs. Thats who I have.

Guest

Hello,

I am a first time homebuyer with a fico of 640, however, I have a judgement against me for a repo 5 years ago.

The judgement is for 8,000, however, when you pull my credit report accounts, it shows this account (ford motor credit) as paid in full with 0 balance, yet pulling public records shows an amount due.

Will I have to pay back this judgment? Even though my account balance for ford motor credit shows 0 balance and payments on time. this money is not listed through any other credit agency.

gmakerley · Posted: Mon May 11, 2009 2:35 pm Post subject:

did you actually pay the amount due to ford motor credit on the judgment? if you did, then you wouldn't have to pay it again. if you haven't paid it, then you will have to in order to get it removed.

Guest

No, I did not pay the amount, nor am I able to pay it.

However like I mentioned, FMC on my credit report accounts shows $0 due, but the Clerk of Courts shows a balance.

gmakerley · Posted: Tue May 12, 2009 7:15 am Post subject:

and as i mentioned, if you want the judgment satisfied, you must satisfy it.

Guest

Well, my CR states I owe $5306.00 due to a repo 9 years ago. The Judgment was 5 years ago.

I can barely give them $50.00 a month. Do you think this will satisfy a judgment so I can get financing on a home?

Guest

my husband and i make over $90K combined. My credit score is about 722 and his is about 640 or so. We pay our bills on time and pay credit cards off every month. He has a judgement for $12K from years ago. He made payment arrangements but cant pay it off in full. We are looking to buy a house for $75K. Will we have problems. He has been making payments for about a year now on the judgement.

gmakerley · Posted: Thu May 14, 2009 1:45 pm Post subject:

there's a possibility that the $75 monthly payments can be factored in as a monthly obligation. you'd need to document the payment schedule - get a history from the judgment creditor to reflect balance and payments made. otherwise, if you think you'll qualify on your own based on your income, you can do it that way. $75000 is not a great deal to spend on a home, so you may be able to do this individually in the event lenders are not willing to take a flyer on your husband.

Guest

I have a tax lien on my credit report from my estranged husband=we have been sep for over 10 yrs. I want to buy a house with a friend. She has great credit and makes more $$ than I do..what are chances I can be put on this loan with her even if I have the lien??

gmakerley · Posted: Fri May 15, 2009 9:40 am Post subject:

is the tax lien strictly tied to your husband, or are you a party to it also? that's the key question and your answer is going to be critical.

Guest

I discovered the lien on my credit report when I went to buy a car in 2006. It was all from my husband but being married, I understand Im as liable as he is. I want to buy a house and my friend has the income & credit, I just want to get on the mortgage with her. I do have a tax lawyer who is going to help me with "innocent spouse" but I was wondering if it would hurt to go ahead and try for the mortgage anyway?

gmakerley · Posted: Fri May 15, 2009 11:03 am Post subject:

well, the worst that can happen if you attempt to get a mortgage now is that the lender could tell you "no."

Guest

I am trying to get Pre Approved for a mtg loan my lender has went thru providing how much I qualify for she stated that at this time due to previous history I had she was having the Loan Underwritten prior to giving the preapproval.

I clean up much of my credit history my scores are up to 636, I noticed a new judgement recently for 1,114 on my credit report for an old item from 2006 will this hurt my pre approval. I am going to repay this because it is not much wondering if this would hurt my loan that is in process.

gmakerley · Posted: Sat May 16, 2009 5:33 am Post subject:

lovely what ought to happen is that the underwriter will add a condition to an approval requiring that satisfaction of that judgment be provided. it ought not lead to a denial.

but if you already paid it, why pay it again???? if you have documentation of payment, all you need to do is provide it to the lender, but you also need to go to the judgment creditor and request that they follow through by reporting your payment to the court that issued the judgment.

savior70 · Posted: Sat May 16, 2009 5:33 am Post subject:

Hi

Your credit score is good enough to qualify for a loan. But the judgment is a negative item on your credit and can pose a problem to the pre-approval of your loan. It's better to pay it off it off as early as possible so you can qualify for the loan.

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can you get an fha mortgage with tax lien and some judgements