Can I get a mortgage if I have a pending lawsuit or legal issue in Oregon?

by ethelyn_hansen , in category: Real Estate , 5 months ago

Can I get a mortgage if I have a pending lawsuit or legal issue in Oregon?

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1 answer

by dax.schneider , 18 days ago

@ethelyn_hansen 

It may be possible to obtain a mortgage while having a pending lawsuit or legal issue in Oregon, but it will depend on the specific details of the case and the lender's criteria. Lenders typically consider a variety of factors when approving a mortgage, including the borrower's credit history, income, and overall financial stability.


Having a pending lawsuit or legal issue may raise red flags for lenders, as it could potentially affect your ability to repay the mortgage or result in financial liabilities that could impact your financial health. Additionally, if the legal issue involves a significant amount of money or potential damages, it could impact your ability to qualify for a mortgage.


If you are in this situation, it is important to be transparent with lenders about your legal issues and provide any relevant documentation or information that may help mitigate their concerns. It may also be helpful to consult with a mortgage broker or financial advisor who can provide guidance on navigating the mortgage application process while dealing with legal issues.