Posts: 18
Registered: ‎10-10-2012
Re: New collections, FHA

I do understand that the 12 month clock starts from the application date, but at what point will this be considered twelve months old according to FHA?  April, June or October?  I'm trying to figure out worst case scenario for 12 months.


Equifax shows first delinquent as April, sent to collections in June, paid in October.  Experian shows only the June date.  


I'm going to try EVERYTHING to get this removed, but I'd like to know that if I am unable to (and I'm worried about that being the case), what the earliest date will be to apply.  We've had no lates besides the mortgages a year ago, no other collections, no judgements, so keeping good credit between now and then will not be a problem.


Thank you!