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Applying for loan- husband has judgement lien

My husband and I are are trying to apply for a mortgage loan--both first time home buyers. I have perfect credit, but my husband had an incident 8 years ago when he was a college student (his dog bit a girl, she sued for $15K; he didn't have the money so he ignored it)--he had no money at the time, and did not own any property. Now, in only ONE of his credit reports, it showed up as a "tax lien." Another note--this is in a different state than we now reside. What are our options? I don't think my income is sufficient on its own for the price range we would like. Thanks in advance!!!

jenkin7's picture
jenkin7 | Joined: June 4, 2007 11:02 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi jberry,

The judgment liens come with a statute of limitation. If it is past the SOL period, you are no longer responsible to pay it. Check you state laws and find out if there is any statute of limitation for the judgment liens in your state. If it is past the SOL, you can request the credit agency to remove it from your report. If the judgment is still valid, you can send your lender an explanation letter stating the reason why the lien is still on your credit report and your intention to pay it off. But first of all, I think you should dispute the 'tax lien' on your credit. In order to do that, you need to send them a dispute letter.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 01:43 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Thanks SO much for the info--unfortunately, it looks like in the state where it occured, the SOL is 21 years (!) if renewed every 5. Another question is, will we be still affected since we're applying for a loan, and [trying to] purchase a house in a different state--is the judgement only "valid" in the state where it was filed? The strange thing is that my husband hasn't heard ANYTHING regarding this since it happened those 8 years ago--he hasn't had any issues with taxes, wage garnishment, no letters or tax collectors--NOTHING--until we found it on the 1 credit report out of 3.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 01:43 | Post subject:

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