Re: Can you get Mortgage Loan with a Charge Off?

Posted by LadynRed (199.91.33.254) on June 19, 2003 at 15:35:56:

In Reply to: Re: Can you get Mortgage Loan with a Charge Off? posted by missy on June 19, 2003 at 15:23:34:

In a year or 2, Creditors Interchange will likely NOT be the collection agency with the account if it remains unpaid. They won't hang onto it that long w/o getting money.

You would have to deal with the CA of the moment when you apply for the loan. SC has a short SOL of only 3 years. Unless you owe a whopping amount, you may be able to lay low until the SOL is past.

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