Can I apply for a home loan if I'm being sued for an MVA?

Question Details: I was in an MVA 2.5 years ago and the gentleman decided to sue 2 weeks prior to the claim closing when notified of end of statute. Nothing was heard from him prior despite my previous insurance company trying to contact him. He is asking for $303,000 and this is above my policy limit. My husband and I own our own homes and would like to sell both and purchase one together. Is this suit against me going to be a problem in me applying for a home loan?

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