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Paying on student loans, but they're in default? Closing on a home in 2 DAYS!

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Paying on student loans, but they're in default? Closing on a home in 2 DAYS!

Halp! Got a call from our lender Friday afternoon (of course lol) telling us that the CAIVERS came back showing a student loan in default, and we had to get it taken care of or our mortgage couldn't be done through FHA. 

We are waiting on a response from our SL servicer but we are supposed to close on our new home WEDNESDAY! Realtor said it might just push our closing back a week, but I'm stumped! 

Has anyone ever heard of or been through this? What was the outcome? I'm petrified!

 

Thanks in advance!

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Established Member

Re: Paying on student loans, but they're in default? Closing on a home in 2 DAYS!

Who holds your student loans currently?

Student Loan Expert

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