Friday, October 10, 2014
Getting a Mortgage: Collections over $2,000, excluding medical, must have an action taken a. Payment in full; or b. Payment arrangements with letter from the collection agency, and payment arrangement included c. If no payment arrangement is made, inclusion of 5% of the balance in the ratio analysis d. (Less than $2,000 we have leeway and may require payment) in ratio analysis; or
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