Good news -- got 2nd credit bureau letter in the mail today, and their investigation "finding" were to delete the collection... so on the upside, GREAT...
Bad news -- we cancelled the offer on house yesterday because we weren't goin to get these letters we needed in time from the bureaus...
Worse news -- the stupid collection agency that came after me for this in the first place can put the stupid collection back on my credit report even though it's been deleted...
So, again several things could play out her... (and so we are back on the neverending carosel.)...
First scenario -- Find a new house once we get the 3rd letter (if they come back with a deletion too)... move forward and be out of current rental by April 30.
Second scenario -- Stay in current rental, find new house... again, once we get 3rd credit bureau letter, and be out of current rental by May 31... this will only work though if the collection doesn't go back on my credit once it's deleted....
third scenario -- scrap buying a house altogether and rent until collection completely falls off credit which wouldn't be until November 2012, at which time it can never again be reported.
AAAARRRRGGGGHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Can someone say good grief already??? This is a complete nightmare... moving, not moving, buying a house, not buying a house, moving, not moving, renting, not renting, buying, not buying...I swear it is a NEVER ENDING circle!!!!!!!
Anyway, all the news I have for now, which will probably change in the next 24-48 hours anyway -- but I'll keep you posted... and YES, it does give me a headache just thinking about it!
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