Click To View Links

Need a Real Estate Coach?

Senior Citizen With Judgment, How To Buy Condo

by M.L.

My ex got a 300k judgment for fees against me in family court, non-dischargable according to bankruptcy law. I have no way to pay but have a lifetime annuity he can't touch and court ordered spousal support he can't attach-ironic.

So how could I buy a small condo for myself in California with this sitting judgment? Do I need someone else to get the mortgage and I rent from them?

Can I transfer my homestead in WA state to a California residence after I sell that home-to pay off other debts secured by liens.

I am 62 and facing a real problem with how to provide housing for myself. Thank you.



Hello there M.L.,

You have a very difficult situation here. For one thing, I have never heard of a non dischargeable bankruptcy judgement. It's hard for me to believe you will be strapped with this for life.

You may want to talk with your BK lawyer about a better definition on this.

If you have a judgement against you, I do not think there would be any lenders that would give you a mortgage. So that must be cleared up first and then you need at least 3 years after it has been discharged before you can get a mortgage.

So, if you want to move to CA, you will need to rent because it is very unlikely you can get a mortgage.

As far as homestead transfer, I would not know exactly how that works. If you can get out of the BK lien, then I would think as you take up residency in California you should be able to establish a homestead in that state. It normally requires home ownership I believe, not too sure on this.

I hope this helps, please take good care of yourself.

Kind Regards,

Jeffrey Ragan

Click here to post comments

Return to Mortgage Questions.

New Jersey Grants

Click on Image to Learn More

South Carolina Grants

Click on Image to Learn More

Recent Articles

  1. Credit Repair Law Firms

    May 24, 18 01:21 PM

    Credit Repair law firms abound. All claim to specialize in credit repair. I may get sued for writing this, but it’s my opinion that credit repair law firms are scams.

    Read More

  2. VA Construction Loan and Division of Tenants

    Mar 26, 18 03:08 PM

    Due to cost of living, property cost, and housing my husband (retired Navy), myself (retired wife) and 25 yr old son live together and have for over 5

    Read More

  3. Closing costs of FHA homes

    Mar 26, 18 02:33 PM

    I am wanting to purchase a small single family home for myself and I don't make a whole lot. I read about the debt to income ratio and I'm good on that.

    Read More

Buyer Programs

fha loans

The FHA Loan Products

Home Buyer Grants

zero down home loans

Zero Down Home Loans

Follow Us On Twitter

follow me on twitter