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Tax Lien and a Mortgage

I am looking to purchase my first home in Florida. I recently discovered a tax lien from the state of new york from back in 1997, Currently I have a credit score 658. Am I eligibile for any home loan programs in Florida? by jennyk3k02 from Boca Raton, Florida. Jun 15th 2010 Reply


Nic Netherton (ColoradoLender)
#17 ranked lender in Colorado - 57 contributions

It will likely need to be cleared up. Did you ever pay it? With that credit score you are good to go with an FHA loan but you will likely need to address the lien. If it was paid back then you would just need to provide the proof to the lender and you'd be fine.

Jun 15th 2010
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Wendy St Julien (Wendy@stjulienhomeloans.com)
#19 ranked lender in Washington - 9 contributions

After 7 years this debt becomes what is called Zombie debt. You can petition to have it removed from your credit report due to to it being 13 years old.Wendy

Jun 16th 2010
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Akali Dennie (adennie)
#54 ranked lender in Florida - 196 contributions

Please email me to get you preapproved. We are Direct Lenders and I am located in Florida. adennie@fhbranch.com

Jun 15th 2010
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Todd Tholl (toddtholl@leader1.com)
#4 ranked lender in Iowa - 239 contributions

If it shows up on your credit report, most lenders will make you pay it or provide proof that it's already been paid. The fear being if it's still outstanding, it may attach itself to the title of your new property ahead of our lien position when we file your mortgage.

Jun 16th 2010
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