My aunt is getting ready to go to court with her homeowner's association. She's probably going to lose and she knows it, since they have lawyers and she has none, but she figures it's worth a shot and she's willing to try rather than just pay what she doesn't think she should have to. So, in the probable event that she loses in court, I have two questions: #1: Once they have a judgement against her, is there a period of time within which she has an opportunity to pay them before they can start going after her condo (really her only asset), or can they start such proceedings immediately? #2: Will her credit be badly damaged because they win their judgement? After all, this isn't a creditor going after her; her credit is perfect otherwise. Anyone here know the answers to either, or both, of these questions? Thanks in advance!
1. It depends on what state she is in. Foreclosure and HOA's laws vary. 2. A judgment on her CR whether its from a creditor or Joe Schmo down the street is a big hicky. Since she is pretty sure she is going to lose, has she tried negotiating a settlement w/payments to try and keep a judgment off her report?
#2: Will her credit be badly damaged because they win their judgement? After all, this isn't a creditor going after her; her credit is perfect otherwise. Wurkn2hard ================= A judgment is a judgment is a judgment-It will screw her credit for the next ten years.
