Getting a mortgage loan will depend on how long ago the judegement was paid off and how well you have managed your credit since paying off the judgement.
I had a client who had a judgement in the past,but due to the length of time the judegment had been paid off and how well he handled his credit since paying the judgement off he was able to secure a mortgage with a good rate and terms.
You should consult a lender for a pre approval, there will be no charge to you. As part of the pre approval process the lender evaluate your credit report and your income to determine if you are able to get a mortgage loan.
Best of Success to You!
Kawain Payne, Realtor... more
Theresa, Unless you are moving out of Southern CA you won't find a house for that price. When you see those prices on the internet, it is usually stating what they are behind in payments, not what the house will sell for!... more
You might qualify for an FHA loan if your credit has improved and remained constant. Let me know if you'd like a referral to a Loan Consultant in California and with our company.
I'm not sure I understand your question. If you want to buy a house for $450K or $120K, or any price, the only basic requirement is that you be able to qualify for the loan. It has NOTHING to do with the property owner, whether it is a bank or not. Does that answer your question? If not, let me know!