I love learning new things. They say you grow new brain connections or brain cells every time you learn something new. Well, just a heads up for all the mortgage professionals out there. When trying to work on a judgement, go directly to the attorney handeling it. If you try to work with the creditor, it will just be a bunch of unnecisary hassle.
I have a client who's credit report shows a judgement for a repod car that was his son's. Because the debt wasn't his, there was no tradeline in the report to give me any account information. After going from customer service to their past due accounts to their national account holder, it was said that there was an attorney. After talking to him for just 2 minutes, he said as soon as I can get him a request from my client asking for a statement that the debt is not his, then I'd have what I need.
I'll still want to go through the credit buraue so that this isn't an issue later on, but my underwritter will probably take the letter as going the other way will most likely take 30 days.
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