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Judgement against me for a truck that my ex-wife had repoed

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jcf36

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Post Posted: Mon Feb 21, 2011 5:42 pm    Post subject: Judgement against me for a truck that my ex-wife had repoed
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Hello. I have a judgement against me for a truck that my ex-wife had repoed about 3 years ago. They took both of us to court and I ended up having to have a garnishment of wages because she does not work and did not take care of her responsibilities. I have been paying on this for two years now. I think I owe around 8500-9000 on it. My question, is it possible to get an FHA loan to buy a house with this on my credit? Other than this I have excellent credit and my debt to income ratio is low. Is there anyway around this so that I can buy a new house?
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brian1
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Post Posted: Mon Feb 21, 2011 5:43 pm    Post subject:
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doubtful - that is a very large amount
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jcf36

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Post Posted: Mon Feb 21, 2011 5:46 pm    Post subject:
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So, there is no way that I can get around this at all?
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Post Posted: Mon Feb 21, 2011 6:07 pm    Post subject:
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It is unlikely - unless you were divorced and showed court docs stating it was her responsibility? That or if the statute of limitations has passed on them collecting it - otherwise the banks would hesitate because they could potentially create a lien on your home which could place the lender in a lower position (lien would have to be paid before mortgage)
and I have not seen an Underwriter approve anything with this large an amount in years. Most are just requiring all collections to be paid these days.
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Bachskylove

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Post Posted: Tue Feb 22, 2011 6:32 am    Post subject: hi property-hartanah.com
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I like this forum. I’m lucky to have found so much great information here. Thanks to you all guys!
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