My heart is breaking and so is my contract

I am sorry to hear that.  What a nightmare.  I have not seen the market this hot in N. Texas!  I will say this is by far the hottest housing market we have ever had.  I am hoping it settles a little bit after school begins.  I am in the same boat, but dealing with low inventory in the areas I am looking at.  Last home I put in offer for 10k above asking price and it was not accepted.  I am sure I am losing to cash buyers. 

Random83 wrote:
Paying off a judgment might not immediately remove the lien. Most courts do not allow you to pay them directly. You have to pay the judgment creditor (person who won the judgment). Once the creditor is paid, they usually file a satisfaction of judgment with the court. Once the satisfaction of judgment is filed, you can usually remove the lien. In some states, the satisfaction must be notarized prior to filing with the court.  If the judgment creditor does not file a satisfaction of judgment, the judgment debtor (person who owes the money) can file a motion asking the court to satisfy the judgment. Often, they have to make some kind of demand before filing the motion, but the procedural requirements vary from state to state. Alongwith the motion, the judgment debtor should include proof of payment. The court can then issue a satisfaction of judgment even if the judgment creditor does not sign it as long as all your paperwork is in order. Note that you might have to go to a hearing when you file the motion (again procedure varies from state to state).  If the judgment has been paid off recently and the creditor is not filing the required paperwork, it can take weeks or longer to get the court to issue a satisfaction of judgment via a motion (usually in the 2 or so months range in my experience). Unless the judgment creditor files the satisfaction of judgment, removing the lien will take time.  In your situation, I would probably walk away. If you really wish you could try the other option mentioned by another poster where you work out a rental agreement with the owner of the house you want to buy and rent it till they can clear the lien. After the lien clears, buy the property. However, such a choice does have some risk, and I tend to be risk averse. Thus, I would probably walk away in your position. Thank you.  In this case, the realtor FINALLY told me today that the judgement will have to be paid for out of the sale of the house.  So the seller is trying to get the figures released to draw up the closing documents so they can be paid.  Now the realtor wants meto move into the house and wait for the closing to take place, and if it does not take place by the end of July, then I am to pay rent. I am now very reluctant to do this and think I may stay in my current rental instead of moving into all this uncertainty.  I am shockedthe realtor let it get this far and still keeps INSISTING we will close.  At this point, it's been over 2 weeks and I still do not see anysure progress being made, just double talk.  I am thinking I will just wait it out without moving and see what happens or does not happen.  Saddest part of all is that I am fully funded and ready to go with the USDA.  Unbelievable....

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