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  1. #1

    Default Erroneous Judgement on Credit Report

    My question involves judgment recovery in the State of PA: I purchased a home back in 1997. I was divorced in 1999. In PA, everything must be split equally. My ex was trying to go after my pension. So, instead, I sold the house to him for $1.00. Our divorce then became final. I have a judgement on my credit report for $102, 000 + for Citimortgage. I am aware that my ex filed bankrupcy around that time. He is still in this same house. I know that he has remortgaged, etc. Why is this on my credit report? How do I get it straightend out?

  2. #2
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    Default Re: Erroneous Judgement on Credit Report

    You apparently chose not to require him to refinance the home after giving it to him in the divorce, he defaulted on your joint mortgage, then you chose not to defend yourself in the collections lawsuit that resulted in the judgment against you. That's called "digging yourself into a giant hole."

    If that's what happened, odds are your options are reduced to filing a bankruptcy of your own, paying the judgment, trying to negotiate a lesser payoff with the judgment holder, or sitting tight and seeing if they try to collect the judgment.

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