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- Aug 2, 2010
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Doing the math and finding I am going to need a gradPLUS loan pretty much wherever I end up going...
Trouble is I have a condo I'll have to sell before starting and it'll probably have to be a short sale due to the wonderful housing market these days...
Does anyone know if I could still qualify with a short sale on my credit report for a gradPLUS loan?
It seems that approval is not based on a credit score, but rather the absence of particular negative items - when I called the federal loan originators the rep told me as long as the word "forclosure" is not part of the short sale agreement it would be fine. She didn't seem that sure about it though...
Trouble is I have a condo I'll have to sell before starting and it'll probably have to be a short sale due to the wonderful housing market these days...
Does anyone know if I could still qualify with a short sale on my credit report for a gradPLUS loan?
It seems that approval is not based on a credit score, but rather the absence of particular negative items - when I called the federal loan originators the rep told me as long as the word "forclosure" is not part of the short sale agreement it would be fine. She didn't seem that sure about it though...
