Thank you for your time.
My question is as follows:
I defaulted on a private student loan with a co-signer (my mother). I can't afford to pay. I share a living space, which is a low-income co-op with my co-signer who is a Social Security recipient. I learned about liens. I read online that her Social Security can't be garnished by the bank... but can they lien the co-op? What would it mean if the bank did so? Can our co-op kick us out?
1 Answer from Attorneys
You are jumping waaaaay ahead and assuming that your mom's housing would be in jeopardy without a court judgment. You are getting bits-and-pieces of information that is not accurate as to your situation. You should/need to see a loan counselor for low income student loan precipitants. Search on the internet for such an organization.
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