can you get an fha mortgage with tax lien and some judgements

I'm kinda in a similar situation I had a judgement on my credit and trying to get a FHA loan. I also had dispute with creditor for a bill that I paid back in March 2010 now i have to wait on satifaction letter. I pray I can move forward now.
Kathreen

Welcome Kathreen,

Your query has been replied to in the given page:
http://www.mortgagefit.com/predeal/about46907.html#192600

Take a look at it. I hope it will help you.

Can I qualify for a mortgage with a tax lien? I have been making payments for eight months. My credit score is 687. Do you of any mortgage companies I can speak with concerning my situation? I live in Alabama.

Lenders won't be ready to give you a mortgage if there is a tax lien on the property. You will have to pay off the tax lien and then apply for the mortgage.

can a federal tax lien stop a fannie mae mortgage mod

if i have tax leins on my credit report due to my bussiness my wife credit score is 754 can she still get a home line of credit also our house is paid off

I am in desperate need of a lender to allow a federal tax lein on my credit report, can you help?

Hi tcarney!

Welcome to forums!

Do you want a mortgage when there is a federal tax lien mentioned on your credit report? It will be difficult for you to get a loan. The lenders will want you to pay off the lien before they approve you for a loan. However, if you set up a payment plan with the IRS regarding your tax lien and start paying it off, then you will be able to get a loan.

Feel free to ask if you've further queries.

Sussane

I am in process of buying a house, i have an old judgement which is not on my credit report, i have been making monthly payments to creditor. Will bank find out about the judgement if its not on my credit report?

Hi nikki,

If the judgment is not mentioned on your credit report, the lender won't find it. I don't think you'll face any issues in getting a mortgage.

Thanks

This is VERY complicated. My mother wasn't able to make payments on her conod any longer as of a few years ago. My brother offered to make them. But, instead he dediced to buy the house from her and put it in is wife's name. He then paid off his new mortgage while she lived there and paid rent to him. Now, he can't make payments any longer. She began to make them again for awhile. But, couldn't any longer. He decided he wants to sell the house. She is VERY upset. She thought maybe she could get it back in her name and take out a reverse mortgage. She would need a friend to take out a loan to pay off my brother first. Then get the reverse mortgage. She doesn't want to lose the house. She is in her 80s and doesn't want to and can't move because her credit rating is BAD. She has judgements. Can she do what I mentioned. Someone has put in an offer on the house already. My brother wants them out in a few weeks.

Hi Mookamama,

Your mother will have to take out a personal loan from someone and pay off your brother. Then she will be able to take out a reverse mortgage on that property. This will help her in saving the property.

Thanks

there is 25000 irs tax lien on the credit reports of both my and myself. it is the only negative thing on the report. we earn over 160000k a year. we have been paying on this lien for over a year. While nervous, we want to see if we can qualify for a mortgage with putting between 5% and 10% down on a property that is 158900.00. What are the chances that we'd be approved for a mortgage

Welcome molli,

It will be better if you could give 20% down payment in order to qualify for a mortgage to buy a home. If you can show that you're paying off the lien, then you will be able to qualify for a loan.