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Judgment dismissed....does it satisfy contingency?

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debc777 Guest	Posted: Fri Apr 17, 2009 7:31 pm    Post subject: Judgment dismissed....does it satisfy contingency? Like 0 Dislike 0 a contingency on our final approval for FHA was to pay an old judgment. I just got the disposition from the courts and it was dismissed in 2004. Does a dismissal satisfy the contingency? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
Samantha Community Mentor Joined: 16 Sep 2005 Posts: 1609 Location: MASSACHUSETTS 150.97 Dollars($)	Posted: Sat Apr 18, 2009 9:49 am    Post subject: Like 0 Dislike 0 Hi debc, Welcome to the forums. If the contingency involves paying an old judgment, then as per the order, it should be paid. However, now that the judgment has been dismissed, it means you don't need to pay it anymore. So, as per my understanding, the judgment dismissal can't stop you from qualifying for the FHA loan. All you need to do is, show satisfactory proof that the judgment has been dismissed. May god bless you. Samantha _________________ Know how to compare lenders with mortgage booklet
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12346 Location: bloomfield, ct 53.01 Dollars($)	Posted: Sat Apr 18, 2009 11:20 am    Post subject: Like 0 Dislike 0 yes, dismissal is equivalent to payment in full as far as you're concerned. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044

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