Posted on: 29th Oct, 2013 10:05 am
I bought a business and leased the building from the same person. I eventually closed the business but was taken to court for selling some of the property and since my lawyer advised me not to fight it I didn't. She received a judgement against me for $8000. (a judge later determined that the property was owned by me). This was in 2007. I do not own any property. Will I be able to get a mortgage.
You probabaly cannot get a mortgage with an open judgment.
You will iether have to pay it or get it dismissed or vacated.
You will iether have to pay it or get it dismissed or vacated.
Welcome Irishlass,
I agree with John. Given your present situation and the judgment, you will not be able to get a mortgage unless you pay it off.
I agree with John. Given your present situation and the judgment, you will not be able to get a mortgage unless you pay it off.
Yes, you will need the judgment removed. You might be able to get it settled (that is- you agree to pay only part of what's due) in order to get it released. If you find a good lender, he/she might be able and willing to help you negotiate a settlement. I just got the county to remove an old judgment for someone for about half of the 13k they were originally asking the borrower for.