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Approval but Repo showed up!

tag
Anonymous
Not applicable

Approval but Repo showed up!

I had repo back in 2010, its past SOL and close to being excluded from my report (about 6 months)..Listed as charge off. Do I need to pay this to qualify for FHA loan?

 

Thanks

Message 1 of 2
1 REPLY 1
StartingOver10
Moderator Emerita

Re: Approval but Repo showed up!

No, not unless your specific lender has an overlay requiring payment. My advice, leave the charge off alone. You will probably have to provide a letter of explanation

Message 2 of 2
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