What is the name of your state? Florida
We are trying to straighten out my father-in-law's finances and pulled his credit report in process for a refi on his home....boy, what a mess....
Main concern: $14000 debt that went to court. Public Record 9/2002 with Default Final Judgement on 9/2002.
Subsequently: motion for hearing and "Order Granting Motion for Sanctions and Contempt" filed 8/2003. Three subsequent subpeonas and nonappearences with 3 amended motion for sanctions, last in 5/2004. Last docket entered in 3/2006: subpoena returned, and then it completely dies off. The file status states: Default, Final Judgement.
My questions:
1. Is he in trouble beyond financials only with a public record since a 'contempt' is out there?
2. What should/could be done to arrange payment and forgiveness of this debt/record, especially with the last record of this being back in 3/2006?
3. Can we proceed with the refinance without completing follow through of this public record? It is set to fall off in 9/2009.
4. He has minimal income and SS. No assets besides the house. To date, they haven't attempted to garnish anything. If contact is made with the company, will this reignite the troubles of the past?
We want to help him out, but want to know what is best to do next. We thought a simple refinance of the house would be easy, but this appears to be a major issue on the refi for the underwriters.
Thank you in advance,
Mont
We are trying to straighten out my father-in-law's finances and pulled his credit report in process for a refi on his home....boy, what a mess....
Main concern: $14000 debt that went to court. Public Record 9/2002 with Default Final Judgement on 9/2002.
Subsequently: motion for hearing and "Order Granting Motion for Sanctions and Contempt" filed 8/2003. Three subsequent subpeonas and nonappearences with 3 amended motion for sanctions, last in 5/2004. Last docket entered in 3/2006: subpoena returned, and then it completely dies off. The file status states: Default, Final Judgement.
My questions:
1. Is he in trouble beyond financials only with a public record since a 'contempt' is out there?
2. What should/could be done to arrange payment and forgiveness of this debt/record, especially with the last record of this being back in 3/2006?
3. Can we proceed with the refinance without completing follow through of this public record? It is set to fall off in 9/2009.
4. He has minimal income and SS. No assets besides the house. To date, they haven't attempted to garnish anything. If contact is made with the company, will this reignite the troubles of the past?
We want to help him out, but want to know what is best to do next. We thought a simple refinance of the house would be easy, but this appears to be a major issue on the refi for the underwriters.
Thank you in advance,
Mont
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