Did I just get away with murder? I had a $60 unpaid collection on my CR. They told me to get it paid but I spaced it (which is how I got into trouble in the first place). The approval went thru without a hitch and I'm closing tomorrow. I thought FHA wouldn't approve you with an unpaid collection no matter the amount. Could this possibly come back to bite me in the rear?
When you go to close, they can still require that you pay the $60 as part of settlement. Either you will cut them a check, or they will add it to the settlement sheet and send the collections company a check. This is ONLY if they require that it be paid off. Just be prepared with 60 bucks to show good faith.
