Real Estate: New York/judgements at closing

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Expert: Reza Ardebili - 5/15/2009


Question
I'm in New Jersey and on my credit report I remember seeing a child support judgement and a couple of credit card judgements...I'm selling my house  and at closing will I be forced to pay these with the proceeds of my house ???

Answer
I don't think you have to pay these judgments. I know if you were purchasing, the bank would have wanted you to pay those, but because you are selling, i don't think you are FORCED to pay at closing.

But if they have judgment, they can levy your pay check or put lien on your belongings.

But do please ask this question from a lawyer, and let us know also,.

As far as I know, nothing get deducted from the proceeding.

Real Estate: New York

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Reza Ardebili

Expertise

I am a Real Estate Broker. I own my own properties, and I build many 3 family homes. I can answer all aspects of purchasing/selling/researching on real estate in NY. I specialize in 2/3 families in NYC (5 boroughs). I can also help you through the process. BROOKLYN, MANHATTAN, BRONX, QUEENS’s properties in which you can build equity and your rental income pays for your mortgage is a very good idea. Most properties I sell/build are in this category. Hope I can be of help.

Experience

I have been in this field for 8 years now. New Construction, and finding investment properties are 2 of my specialties.

Organizations
I own my own real estate company. I am a Realtor. MLS member.

Education/Credentials
I am a Rutgers University Graduate. I recieved a B.A. in CIS. Minor in bussiness.

Awards and Honors
Just many thanks from the families I helped. That is enough award for me.

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