Student loans in collection
Hey BP,
I'm currently in a situation where I'm too much of a liability for any type of loan or mortgage. My student loans are in collections and I'm currently in a rehabilitation program to get my loans out of default, but in the mean time I have no way to aquire any properties unless I pay all cash. Does anyone have any advice in this situation other than "wait it out." I talked to a loan officer yesterday and he said there is no way that I can get approved for any mortgage with student loans in collections, is this true?