A New House. Some Old Debt. What Takes Priority?

Question: We want to buy a Phoenix home for $800,000 with a $640,000 mortgage loan. During the Covid catastrophe two years ago, however, our art framing business was ruined. The result is that two credit card companies now have judgments against us for more than $50,000. Our mortgage broker told us that we should still…

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Mortgage Lender Sees Lien As Red Flag

   Question: My wife and I just got married, and we are purchasing our first home in Mesa. Several years ago we got into a dispute with a travel agency, and the travel agency got a judgment against us for $1,100 for a Hawaiian vacation trip that we never took.   We have refused to pay…

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