Re: FHA..... Disputed Accounts & Collection
06-19-2012 06:59 AM
Keep in mind that every lender has their own set of rules......FHA is only the insurer. Depending on the lender you still may have to pay down those collections despite the change in FHA policy.
This has always been the case.
If the lender require collections to be paid..... Find another lender.
You can ALWAYS ask up front BEFORE application if that bank requires collections to be paid. <= If they waffle at all on the topic, find another lender and apply with them. ;-)
* Lending across the entire 'Great State of Texas' (and now Louisiana)since 2004