Home Buying in Austin>Question Details

Frank Selvera, Home Buyer in Austin, TX

I have a 5 year old judgement against me but good credit overall, can I still purchase a home?

Asked by Frank Selvera, Austin, TX Fri May 18, 2012

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gipsgibber’s answer
I have a judgement against me that is over 5 years old. The " docket number " or judgement against me is on my credit report with a specific total attached to it. I called the apartments to find out if they would give me a release if I paid that amount and they informed me that I had to pay them almost 5 time the amount shown on my Judgement. If I pay the Judgement amount am I clear?
0 votes Thank Flag Link Tue Feb 25, 2014
Hi Frank,

Each case is different, I am going to furnish you my lenders contact information, Jaime Goss, will look over everything and help you through the entire process. Jaime is great and has always gone above and beyond with her clients to help them get the very best rates possible explaining every step of the way. She is a pleasure to work with and is available to answer any questions you may have. I wish you the best of luck in finding your new home. I am available to answer questions you may and I would love to help you search for your new home.

Lisa Ellerbee
Team Price Real Estate
Austin TX
http://www.teamprice,com Please try out our website for your home search.

Jaime Goss
Cherry Creek Mortgage
0 votes Thank Flag Link Fri May 18, 2012
In my shop we require all judgments be paid off prior to closing.

Jim Simms
NMLS # 6395
Financing Kentucky One Home at a Time
0 votes Thank Flag Link Fri May 18, 2012
1. You can seek owner financing and the judgment probably won't come up in the discussion.

2. If the judgment if for money and in domesticated in the state where you want to buy the lender will likely want it paid. If it is a non-money judgment the lender may not care.
0 votes Thank Flag Link Fri May 18, 2012
Hi Frank,

It will depend on the judgement and the type of loan you are looking at. I have a wonderful lender that I can refer you to.

Call or email me anytime.

Sarabeth Peterson
Goldwasser Real Estate
0 votes Thank Flag Link Fri May 18, 2012
Connect with a good, reputable, lender. It depends on the judgement.
0 votes Thank Flag Link Fri May 18, 2012
Frank, if you would like, give me a call and I will connect you with a great lender that you can ask specific questions to that will give you specific answers. Joe Jarusinsky, Keller Williams Realty 512-261-4415
0 votes Thank Flag Link Fri May 18, 2012
Lenders would require your clear the judgement prior to approving the loan

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor

Follow me on Facebook
0 votes Thank Flag Link Fri May 18, 2012
0 votes Thank Flag Link Fri May 18, 2012
May I recommend Michael Everist at Everist Mortgage? http://www.everistmortgage.com

Very trustworthy and experienced lender! The right guy to answer your question in a much more private setting.

Best of luck,

0 votes Thank Flag Link Fri May 18, 2012
My thought is you will have to pay off the judgement first.

You'll want to check directly with your lender first.
Prequalification is normally free, so just talk with a loan officer.
0 votes Thank Flag Link Fri May 18, 2012
Bruce Lynn, Real Estate Pro in Coppell, TX
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