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18 year old judgement from title search

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njguest

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Post Posted: Sat Aug 13, 2011 3:59 am    Post subject: 18 year old judgement from title search
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We have been approved for our mortgage. There are no judgements on our credit reports, but the title search turned up an old judgement on my husband from 18 years ago. It was brought by the grandmother of his old girlfriend who cosigned a car loan for him when he was younger. He paid her cash installments for a while then she either moved or passed away-we're not sure. The NJ statute of limitations on judgements is 14 years. Will this keep us from closing on our house....it is a week away?

Thanks

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Post Posted: Sun Aug 14, 2011 7:29 pm    Post subject:
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Hi njguest!

Welcome to forums!

As the statute of limitations is over, I don't think it will create a problem for you. But there are chances that the lender may ask your husband to pay off the old debt.

Feel free to ask if you've further queries.

Sussane

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Icon Mini Profile smithsussane
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Post Posted: Sun Aug 14, 2011 7:30 pm    Post subject:
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It was me above!! Forgot to login.
Icon Mini Profile sabrinatoss
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Post Posted: Mon Aug 15, 2011 12:31 am    Post subject:
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It will be better if you will ask for a mortgage broker's advice to help you out on your problem and avoid messing things up.
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Impardendania

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Post Posted: Mon Aug 15, 2011 8:35 am    Post subject: Searching for
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Welcome;

Looking for a forum of his old friend, he had a nickname once qfilier

Has anyone can contact with him? Do not be granted on this board?
Icon Mini Profile jameshogg
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Post Posted: Mon Aug 15, 2011 9:33 pm    Post subject:
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Hi Impardendania,

Well... I don't think anyone with that name has posted in this forum!

Thanks
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