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Private Lending & Conventional Mortgage Advice

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Carl Stigall
  • St. Joseph, MI
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Student loans in collection

Carl Stigall
  • St. Joseph, MI
Posted Apr 27 2017, 10:59
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?

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