Home Buying in 49749>Question Details

sworm76, Home Buyer in Waterford, MI

mortgage questions

Asked by sworm76, Waterford, MI Fri Mar 29, 2013

I am looking for a lender in or around indian River Michigan. I do have 2 judgements on my credit. One will be payed off and the other, which is a hospital bill will be payed down to around $900, they garnished my state tax return, I am just waiting for state to send the funds to them. Do I need to pay off the remaining balance to get a mortgage? Anyone in my area that can help me? I can't seem to get any real answers from anyone, please help!

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Answers

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Judgments must be paid off unless you have an established payment arrangement with the creditor. In your case it doesn't appear that you do. Pay it off and get a copy of the release of judgment. Indian River is eligible for USDA funds, so you can do zero down(assuming you qualify).
0 votes Thank Flag Link Tue Apr 2, 2013
All judgments must be either paid in full or be on a payment arrangement with 12 months consecutive payments having been made.
0 votes Thank Flag Link Sun Mar 31, 2013
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