Posted on: 13th Aug, 2011 03:59 am
We have been approved for our mortgage. There are no judgements on our credit reports, but the title search turned up an old judgement on my husband from 18 years ago. It was brought by the grandmother of his old girlfriend who cosigned a car loan for him when he was younger. He paid her cash installments for a while then she either moved or passed away-we're not sure. The NJ statute of limitations on judgements is 14 years. Will this keep us from closing on our house....it is a week away?
Thanks
Thanks
Hi njguest!
Welcome to forums!
As the statute of limitations is over, I don't think it will create a problem for you. But there are chances that the lender may ask your husband to pay off the old debt.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As the statute of limitations is over, I don't think it will create a problem for you. But there are chances that the lender may ask your husband to pay off the old debt.
Feel free to ask if you've further queries.
Sussane
It was me above!! Forgot to login.
It will be better if you will ask for a mortgage broker's advice to help you out on your problem and avoid messing things up.
Welcome;
Looking for a forum of his old friend, he had a nickname once qfilier
Has anyone can contact with him? Do not be granted on this board?
Looking for a forum of his old friend, he had a nickname once qfilier
Has anyone can contact with him? Do not be granted on this board?
Hi Impardendania,
Well... I don't think anyone with that name has posted in this forum!
Thanks
Well... I don't think anyone with that name has posted in this forum!
Thanks