VA – Judgment Rules for Payoff – Does VA require that a non-federal judgment be satisfied prior to closing? NEW CHART-Tax Liens and Judgments-All Agencies
Answer: VA hides guidance on judgments in their Adverse Data section under ‘Disputed Accounts’. And I say ‘hide’ because while the highlighted guideline below would be applicable to ‘Disputed Accounts’, it would also be applicable to any judgment, disputed or not. Judgments threaten the first-lien position of the mortgage, so underwriters have to document appropriate [...]