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can you still rent an apartment and be qualified for a student loan after doing a deed in lieu of foreclosure

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hlwalter Joined: 08 Dec 2009 Posts: 1 1.00 Dollars($)	Posted: Tue Dec 08, 2009 10:49 am    Post subject: can you still rent an apartment and be qualified for a stude Like 0 Dislike 0 i want to do this dlf because our house has been for sale for 11 months and no offers...we are living with my parents now
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12330 Location: bloomfield, ct 50.03 Dollars($)	Posted: Tue Dec 08, 2009 11:02 am    Post subject: Like 0 Dislike 0 people have to live somewhere. i'm quite sure there are landlords who are receiving rental payments from folk who used to own homes that they lost to foreclosure, deed in lieu of foreclosure, or short sale - and whose credit was damaged in the process. student loans are another story, but you might be able to squeeze one out with the assistance of a co-signer. the student loan market could be a new source of trouble in the future, as loads of new lenders have entered the marketplace due to the lucrative nature of the loans. just think how much interest is generated in the coffers of lenders whose portfolios consist of who-knows-how-many students in forebearance or deferment? _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044

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