I've just put an offer on a house but have since found out that there's a judgement mortgage against the folio.
Are there any potential issues with buying a house like this? What happens if the debt against the house is greater than sale price? Will the judgement mortgage still be attached to the folio once it gets transferred to the new seller?
Does anyone know if the bank has issues with approving mortgages for houses associated with judgement mortgages?
Are there any potential issues with buying a house like this? What happens if the debt against the house is greater than sale price? Will the judgement mortgage still be attached to the folio once it gets transferred to the new seller?
Does anyone know if the bank has issues with approving mortgages for houses associated with judgement mortgages?