my mom signed her house over to myself and 3 siblings last year. she passed away april 15. my brother is trying to take out loan to consolidate everything. and keep the house. ditech denied because of a 1995 unpaid judgement against me. i am not on loan but am on deed. can we lose all? please no jokes just advice.
2007-05-04 10:44:36 · 4 answers · asked by lindalinz2@verizon.net 1 in Business & Finance ➔ Credit
I agree with the first poster, especially about the DiTech remark.
You need to find out what your states judgment laws are - how long they last and if they can be renewed
If you live in a state where the judgment SOL is 10 years and non renewable (or is renewable but they failed to renew it in a legal and timely manner)
The judgment is no longer legally collectible and you should dispute it with the CRA's.
If you live in a state where the judgment SOL is 10 years and it is renewable and they had renewed it in a legal and timely manner.
The judgment is still active and you are still liable for it.
You might check my profile and click on the link I have listed for state SOL's to see what the time length is for your state and if your state allows judgments to be renewed. (second to last link)
You might also go to the last link I have listed and do some reading, and ask any question you may have, in the credit forum.
I'm sorry for the loss of your mother.
2007-05-04 11:06:29 · answer #1 · answered by echo 7 · 1⤊ 0⤋
I would not take my name off the deed because your siblings may not want to put you back on the deed. However, you should order your 3 credit reports Equifax, Experian, and Transunion and dispute the judgemet because the item has been on there for 10 years. If the creditor refuse to respond within 30 days, the credit bureaus have to delete the item from your file by law.
2007-05-04 20:00:20 · answer #2 · answered by jmccloud07 1 · 0⤊ 0⤋
Get your name off the deed and work on the unpaid judgement. Make sure you have a lawyer so you can get back on the deed once your judgement is paid off.
2007-05-04 17:54:58 · answer #3 · answered by Cookie 2 · 0⤊ 0⤋
The best way around this would be to take yourself of the deed and then after closing add you back to title.
As for Di-tech this is why the sub-prime and mortgage industry get a bad name.
2007-05-04 17:51:21 · answer #4 · answered by Financial Strategist 2 · 0⤊ 1⤋