Depends on what your mortgage person says. Mine needed it settled, since they could still see it even if it was removed from credit report. I used select us llc and they were able to settle $17k judgement for 5000 from since they negotiated it for me. They offered me 10k but those guys got it down to 5000.
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?
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.
Team Price Real Estate
Lisa@TeamPrice.com http://www.teamprice,com Please try out our website for your home search.
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
Judgments generally must be paid prior to closing. In some cases an underwriter can make an exception if you've entered into a repayment agreement with the creditor and you can document making on time payments for 6 to 12 months.