How does one get an apartment after a foreclosure?
Tags: Advice, Apartment Management Companies, Foreclosures, House Foreclosure, Options, Rent An Apartment, Rent Apartment
This entry was posted
on Tuesday, December 2nd, 2008 at 11:11 am and is filed under Foreclosure.
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December 4th, 2008 at 11:20 am
I am a Landlord and would probably listen to the full story before saying no to a renter.
I have said no to people for lying more than a credit problem. But then again I am a soft touch.
If the house but not other bills were the major problem then she won’t have as much to explain. House payments are usually much more than rent.
My son does routine checks on potential renters credit and I think the Apt. Managers are reluctant to rent to habitual bad payers. You know…cars, furniture, things going back for lack of payment.
Good luck to her and hope things look better in her future.
December 7th, 2008 at 12:42 pm
Be honest…..I have given many people fresh starts. But you have to be honest from day one……good luck. I would rent to you if you told me the truth. I have a bunch of rental units.
December 9th, 2008 at 10:59 pm
It depends on the reason for the forclosure. Was it due to divorce or job loss or just getting in over her head? I’d look for some ownership on the situation and assurance that the finances would not continue to be an issue if she rented my unit. I might ask for a double deposit and a month to month to see how it was going to go.
December 11th, 2008 at 10:22 pm
A co-worker of mine had to go through foreclosure and had the hardest time finding a place that would rent to him. I would try to find an apartment as soon as possible before the foreclosure shows up. Many places will not rent to people with foreclosures, bankruptcies or repos. Others will rent to your friend but will want twice the amount in rent as a deposit. It is hard to find those property owners that understand when they have other applicants with better credit reports.
That is why, If I were your friend, I would start looking now, why wait until she is being evicted and desperate to find a place.
Good Luck to your friend. I hope it all works out for her.