How much will a $3000 judgement affect my ability to get a home loan?
I was sued in 1996 for $3000 for reasons explained in footnote . Since then, the plaintiff has made no move to contact me for the judgement nor have I been able to contact him. The only contact information listed for him in the county is his P.O. Box and all the letters I have sent have been returned after waiting in his box for two weeks.
Now, it has come time for house buying and this judgement is the largest problem on my credit report. If things continue on as they have for the past six years, the judgement will expire in four more years, but we are looking for a house now. The only other way to clear the judgement is through the plaintiff, which does not look like it will happen.
I was able to get a new car loan through a credit union after showing them proof that I have attempted to resolve the issue. Will mortgage lenders be as understanding as well or will they curtail the amount I am able to borrow, or turn it down completely?
A friend of mine built a computer for the plaintiff for $3000. He then signed the check over to me to help start my business, in which he acted as an advisor. The plaintiff, for reasons I don’t understand, became unhappy with his computer and tried to sue my friend, but was unable to find his residence for the delivery of the summons. As a result, he attempted to sue me, but summoned my father instead (Jr. vs. III). My father showed up in court (I was 500 miles away in college at the time) and was informed that since he/we knew that the summons was really for me, and since I didn’t show up, the judgement was in favor of the plaintiff by default. The plaintiff and I did not have either a written or oral contract.