can you get a home loan with a judgement?
221473
You may qualify for a mortgage after satisfying your judgment. If you can, pay your entire judgment in full. Your credit report will be updated after the judgment gets paid. ... You probably won't get the best interest rate and may need a larger down payment, but getting a mortgage will be possible with the right lender.
599089
If you do not go to a small claims hearing, the creditor usually wins automatically “by default”. The plaintiff will get a judgment for the amount of money they asked for in the complaint. You can get a copy of the judgment from the court.
363590
A house can be sold “as is” when there is a lien or judgment against the property or seller. ... You don't have to pay these settlements before closing—liens against houses can be paid in multiple ways. Traditionally, a seller will pay these debts at closing where the debts are deducted from the proceeds of the sale.
615061
In South Carolina few assets are protected from judgment claimants. Because the homestead exemption is only $50,000, it is practically impossible to protect your home from creditors. ... Life insurance cash values and death proceeds paid to a spouse or children are protected from judgment claimants in South Carolina.
920070
Judgment Creditors Regular creditors cannot garnish your wages without first suing you in court and obtaining a money judgment. That means that if you owe money to a credit card company, doctor, dentist, furniture company, or the like, you don't have to worry about garnishment unless those creditors sue you in court.
100991
When judgments show up on your credit reports, they can do severe damage to your score. A judgment in your credit history means that a lender had such a difficult time recovering their money from you that they had to go to court. Judgments tell potential lenders that you can't be trusted to pay them back.
118349
On the other hand, a creditor cannot seize your wages, bank account, or property unless and until it brings a law suit and a court enters a judgment against you. ... The government can garnish your wages and seize tax refunds to repay student loans or other debt owed to the government.
435719
Unfortunately the answer is "yes". A criminal restitution order becomes a civil judgment and if the debtor does not pay, in CA, his or her spouse's wages may be garnished...
473168
If you've fallen behind on your loan payments but aren't underwater yet—meaning the fair market value of your home is greater than what you owe on your home loan—you can sell your house and use the profits to pay back your lender. ... That's OK only if your bank has agreed to accept less than what's owed on the loan.
279124
You can borrow up to 80% of the appraised value of your home, minus the balance on your first mortgage. The loan is secured with your home equity.
1195469
You can borrow up to 80% of the appraised value of your home, minus what you have left to pay on your mortgage, home equity line of credit or any other loans that are secured against your home. Your lender may agree to refinance your home with the following options: a second mortgage. a home equity line of credit.
1038074
In most cases, home loan lenders will lend up to 80% of the property value, meaning you'll need to come up with the other 20% (your deposit). For a property of $400,000, for example, you'll need a cash deposit of $80,000.
190542
If that happens, there are a few options: The seller can lobby for another appraisal, which will hopefully increase the amount the bank is willing to loan. A buyer can put up a heftier down payment. ... That way, if your loan amount falls short, you can cut your losses and keep your earnest money.
284347
When your landlord asks the court to give them a possession order on your home, they may also ask for a money judgement. This is an ordinary county court judgement (CCJ). It means you will have to pay the landlord back the money you owe them, even if you've left the property.
1328225
It is a serious matter and it can result in a lien filed against you (Judgment Lien), a hold placed on your land, buildings, or other real property (an Abstract of Judgment), seizure of your non-exempt assets (an Execution of Judgment), or freezing of your bank accounts (Garnishment).
348922
Absolutely. You can get home improvement loans with bad credit by using the equity in your property as collateral. This kind of loan is known as a secured loan in the banking business. The 'secured' designation comes from the fact that the bank secures the money you borrow through a second charge on your home.
470208
A judgment is a court order that is the decision in a lawsuit. If a judgment is entered against you, a debt collector will have stronger tools, like garnishment, to collect the debt. ... In debt collection lawsuits, the judge may award the creditor or debt collector a judgment against you.