Josh was sued by his former business partner.He lost the case and has to pay his former partner $10,000.He has not yet done so and is refusing to do so.Josh is applying for a mortgage for a new home.Should he be worried about the lawsuit impacting his mortgage application?

Question

Quizplus · Accepted Answer

When Josh lost the lawsuit and was ordered to pay $10,000 to his former business partner, a legal judgment was entered against him. This information is typically recorded in public records, which can be accessed by mortgage lenders and impact Josh's creditworthiness, making it more difficult for him to get a mortgage. Therefore, Josh should be worried about the lawsuit impacting his mortgage application.

Josh Was Sued by His Former Business Partner