Legal Question in Real Estate Law in California

I have a short question. If i were to sell my condo and have an old med. bill on my credit report, will title co. ask me to pay it off first before i sell my property? There is no court case on my debit.

I know buyers certainly need to take care of their debits prior to purchase of any property.

Thanks,

Mike


Asked on 2/17/16, 11:01 pm

1 Answer from Attorneys
Phillip D. Wheeler, Esq. Phillip D. Wheeler, Attorney At Law

Greetings! Thank You for using Lawguru. Your question is not really a legal one. The lender can make their own decision on whether you can be granted the loan. Anything I, or any other attorney says, is just speculation.

Yes, the lender can deny you credit based upon your debts. Will they? That is just speculation. It is going to be conditional on the income you receive from the sale too. It will also rely upon whether you have an appropriate down payment.

Good Luck!

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Answered on 2/18/16, 1:42 am


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