Legal Question in Real Estate Law in Pennsylvania
I have restitution owed from a criminal case that I have been paying regularly as odered. When filling out a loan application to buy a home one question was :do you have any judgments or liens against you. Not thinking, our realitor put no and I didn't think anything of it until later that night. Does the restitution have to be listed as a judgement on the mortgage application?
1 Answer from Attorneys
If there was a judgment and it was entered in the court record, definitely list it.
Even if there isn't a judgment, you should be listing your debt obligations on your mortgage or any other loan application. Failure to do so constitutes fraud and could result in financial penalties and imprisonment.
You should correct the application ASAP.
THIS RESPONSE IS NOT LEGAL ADVICE, SINCE I DO NOT HAVE ALL OF THE INFORMATION THAT WOULD BE REQUIRED, AND I DO NOT HAVE A REPRESENTATION AGREEMENT WITH YOU.
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