I have around 100k of loans in default. I just made payment number 6 out of the 9 for a rehabilitation. The initial lates that led to the default have already aged off my credit report so all that is left is the default notice from the Dept of Ed. This will go away soon after the rehab is complete, right? The loans are all Federal Direct loans so there shouldn't be any issue with repurchase of the loans.
My credit has no baddies other than the loans and my middle score is actually 661. My understanding is that an FHA loan is out until the rehab is complete. My 9th payment for the rehab is on July 1. Is looking to close on August 1 or maybe the week before unrealistic? Thanks in advance for the help!
