Q: Can the Gov take a home from me if I owe Fed student loans that are under an income based repayment plan?
My father died 17 years ago and his farm in PR is still under his name but it is mine. I owe $80k in federal student loans that are under an income based repayment plan with a monthly payment of zero dollars and have to recertify each year. I have zero income and a toddler. If I were to sell the farm to buy a house here in Florida, can the Gov take the house from me because of the student loan debt?
A:
No way to say without reviewing the student loan agreement in detail which is not possible here online.
Check with a legal aid office in your area to see if they will review the agreement for you.
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