Sounds confusing and misleading.  Who or what is behind this "removal" of tax lien and civil judgment data?

Always frustrating when one hand doesn't know what the other is doing.

Thank you for sharing.

Thanks for sharing this alert. You need to use lenders who are checking for liens.

Thank you for that info Caroline!
Sounds like we need to ask additional questions of a prospective buyer.
AND their lender.

Interesting. It pays to work with the right lender.

It all comes back to knowing your lenders and how they work.

Fred Griffin nailed this one!

I have never had that much faith in the ability of a credit score to judge a person's character, just their ability to work the system.

Good question for Jason E. Gordon 

So why bother as you've said. I thought this was supposed to make things better but it sounds like we've taken a step back.

good information.... we'll need to speak to our mortg guy about this....

Caroline,

Thank you for the information.  A

I had no idea! thanks for letting us know! 

They should.  We shouldn't rely on these scores.

Thank you for sharing 

Caroline Gerardo - 'they' need to have coordination!

What can we say?

Thank you for the info, Caroline! It's all about working with a trusted lender - even more now than before.

Glad I've never had a buyer with a tax lien.  And I've been in this business a very long time.

Just like lenders check the Federal data reports to see if there is debt owned on child support and overpayments. I for one am glad they deep a little deeper. These are debt that should be paid and if the buyer doesn't have the money then they should wait to buy until these are paid.

We don’t need another credit crisis ..

That is why I work with a lender who completes full due diligence upfront. However, if others, like title and escrow are not, something like this can still show up prior to closing. 

Yes, this is a concern of ours as well. Borrowers should know about any liens or judgments against them but sometimes they say they don't have any. I am questioning my borrowers twice about this when doing their preapproval to try and make sure we don't have a problem later. The lenders already have the thirs party investigators checking on all kinds of things.   

Interesting Caroline Gerardo but I usually don't find out my buyers financial secrets until they have visited with you (a qualified lender).

Good to know Caroline. Do you plan on questioning each applicant on this? If so, at what part of the process?

If you loan out money in todays environment....anything goes to protect it

Oh boy less and less information sharing where it should be and MORE where it shouldn't 

I have to ask my lender about this.  Thanks

Interesting, and sure my lender knows this too, or at least I hope so! 

I had no idea.

I'm a broker, and we do a lot of our homework like this upfront, but some of this doesn't come up on our searches until a third party working with the lender finds it.

And you can't depend on the buyer to tell you they have liens and judgments. Many of our clients don't even realize they have them.