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Re: Judgement obstacle in Refinance


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Posted by Why Chat (209.240.198.61) on January 24, 2003 at 20:01:30:

In Reply to: Re: Judgement obstacle in Refinance posted by KM in NY on January 24, 2003 at 19:54:02:


The judgment would only show on your credit reports for 7 years from the filing date.

I THINK there is a 10 year SOL for property lien judgments to be effective in NY.

I think that whatever the difference in interest would be if you wait for it to drop off in a few months, will be offset by having the expense of paying a judgment + interest off. Plus, it would then be back on your credit report as a paid judgment for an additional 5 years from the date paid.


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