Judgement obstacle in Refinance
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Posted by KM in NY
(152.163.189.170) on January 24, 2003 at 19:45:43:
In 1983 we got into a dispute with a contractor. We went to arbitration got a decision, which was great for us, but the contractor would not agree, took us back court and won. They filed a judgement against us. I am now trying to refinance and the judgement showed up on the title search (however it does not show up on the credit reports - which I do not understand). Surprise--The contractor is now out of business. How do I clear this off, short of calling up their attorney and trying to settle this by paying them? I believe the SOL is coming close, but I really want to take advantage of the low interest rates now.
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