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buying a house with cash, judgements

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tonyw Guest	Posted: Sat Jul 10, 2010 1:01 pm    Post subject: buying a house with cash, judgements Like 0 Dislike 0 Hi, My wife and I are in the process of buying a house with cash, no loan. Awhile back we had a substantial judgement against us due to my wifes ex husband, long story. We are in a legal battle over it. We got the title info in the mail recently and that judgement is listed in the title papers. Can they put a lien on it before we even close. Can that affect us buying the home? Thanks _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10250 Location: ALASKA 1043.57 Dollars($)	Posted: Mon Jul 12, 2010 1:07 am    Post subject: Like 0 Dislike 0 Hi tonyw, The lien will be placed on your property and not on your mortgage. If the property title is in your name, then the creditor can place a lien on the property. It may affect your chances of getting a loan. The lender will want you to pay off the lien first and then apply for the loan. _________________ Procrastination is the enemy of your financial success

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