help with judgement question: Need Help from Active Rain Community regarding Judgements on a seller when doing a short sale - 11/12/10 06:27 AM
Well, we all know how difficult short sales are. I am representing a buyer and we have finally gotten an approval from the bank. Yay! But, wait, we just got the title report and there is a judgement on the seller for over $150,000! What???
So, here are the details. It was filed in 2005. He purchased the house my buyer is trying to buy in 2007. How did he buy this house? Secondly, it was re-filed in May 2010. The house is worth well below the amount of the judgement. If he can't get the judgement taken off then he … (2 comments)