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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
If you have a judgment against you, you have to disclose it, and it's a deal killer.... the only way around it is to pay the judgment, settle the judgment, or file BK and include the judgment.. if you file BK, you would have to wait 2 years after the discharge date to apply... if you pay it or settle it you can apply right away..... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
Peter Savino (855411LEND)
#99 ranked lender in New Jersey - 332 contributions
???? need more information on what it is you are asking.
Sharon Duffy (sduffy)
#70 ranked lender in Pennsylvania - 595 contributions
I am a local broker. Please give me a call.Sharon Duffy7th Level Mortgage732 606 6264
I am looking to get a mortgage ( probably FHA loan). About 2 years ago I had a settlement of $120,000 against me from a bar fight ( I didn't have lawyer and got railroaded). My fiance and I want to get a home but are unsure if my judgment will not allow us to. I can not pay it off and I offered him less money then it was worth at one point and they denied it.When the mortgage broker ran my credit she said it did not show up on there? Is this normal for a settlement not to show up on my credit report? When the do the final process will it stop me from getting the mortgage, I am not going to lie, I am going to be up front that I have it. I would just hate to get so far and be shut down last minute. Please help?
Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions
As Dave told you in the otherthread, you will be committing fraud on the loan application if you dont disclose the judgement. If you lie on the application and the Loan Officer doesnt know that you lied, there is a POSSIBILITY the oloan will go thru. However, what was not mentioned previously is thatpart of the title search involves a Judgement Search on all borrowers and the judgement against you will likely appear in that search. You will have to pay it off or settle it and get a release before you can get approved.
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