I see it often said on the forums, fha underwriters are not concerned with medical derogs. I just had a few questions that I wanted someone to elaborate on. Would that apply to these few scenerios..
1. medical debt derog not paid and reported < than 12mos old, will they care about this?
2. medical debt derog paid but reported < than 12mos old, ?
3. medical debt derog not paid and reported > 12mos old?
4. medical debt derog paid, but reported > 12mos old?
which if any of these scenerios are going to be a concern in the fha approval process
and as for regular derogs in a fha loan scenerio, which of these will stop one from getting approved
1. collection debt derog not paid < than 12mos old
2. collection debt derog paid < than 12mos old
3. collection debt derog not paid > than 12mos old
4. collection debt derog paid > 12mos old
which of these reg collection debts reported will be cause for concern in the fha approval process?
(from my understanding 1,2 would cause a non-approval, but 3,4 would not cause a non-approval, but I am unclear as to after 12mos+ of age if the fha underwriter/bank will want all the debts paid, or are only concerned if they are 12+ since negative activity.)
