+1 vote
Our mortgage officer just called and said there was a judgement on a credit debt that is showing not to be satisfied, even though I paid the outstanding amount over 6 years ago. It didn't show up until the title, so it is not even on my credit report. I tried to reach out to the collections company and they said it will take two weeks to hear back from them, I am suppose to move in 2 days!!!
asked Jul 18 in Buying a Home by anonymous

1 Answer

0 votes
A mortgage company can cancel or deny a mortgage after it issues the closing disclosures.  Normally a lender will not issue a clear to close until a third party national public records search has been done via Data Verify or Lexus Nexis.

Gustan Cho NMLS 873293
Gustan Cho Associates
answered Jul 19 by GustanCho (106,540 points)

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