Search for:
can i rent a house even though my home foreclosed during divorce?
I am able to afford $1500/month.
150 characters left
Answer Tips: Share your knowledge. Be on-topic . Refrain from self-promotion.
* Refer to our community guidelines.
* Refer to our community guidelines.
Answers
Viewing Answers 1 - 11 of 11
If the Lender approves you, yes you can.
answer by
Anna Lewark
|
answered questions:
1
How hard is it to find a home that will allow dogs??? We have 3 and they are older dogs...not puppies
Rebuilding your credit can be accelerated by using a professionl loan officer who understands how the various credit scoring agencies work. Call our friend Pat Bowler to get started. He's outstanding at helping people maximize their results....757-652-3999
The answer is maybe. What have you done with your credit since? You may be able to show a landlord that you are a good risk if you have been paying your bills on time since you were foreclosed. If not, you may have to rent an apartment until you get your credit to a place that someone will take a chance on you.
YES the home owner will decide if he or she will accept you as a tenant,but you will never know till you try.
Yes...People do it everyday. Let me know if you need a property manager to assist you here. Thanks
A foreclosure alone will not preclude you from renting a house. Many property managers see this type of thing every day. A property manager will look at the whole picture of your credit and references that you provide on your rental application. If one doesn't, then move on to another property.
Yes, you can rent a house. Your prosepctive landlord or property manager may require an additional securtiy deposit if your credit needs some work. There are alot of people who have short sales, foreclosures, and bankruptcies on their credit nowadays so don't get too discouraged. Good luck!
Most professional property managers and landlords handle prospective tentants' qualifications to rent on a case-by-case basis. Be ready to clearly explain your hardship and how you worked to meet as many obligations as you could given your circumstances. Emphasize your redeming qualifications and show the landlord or property manager what you've done since the hardship to stabalize yourself. Also, confidently relate your plans for financial success going forward. All the best, Joe McAvoy
A foreclosure on your credit report regrettably doesn't reflect well, but as a property manager myself, it is not the only criteria used to determine your candidacy for tenancy. If you are considering a property that is owner managed, they may be flexible, but it can be a risky for you, depending if the owner is not an experienced landlord. If the property is managed by a real estate brokerage, credit will certainly be considered, but we also consider your job/income scenario (ability to pay) and previous rental history. In your case, as a previous homeowner, your mortgage payment history will come into play.
Life happens... both property owners & property managers take that into consideration. All my best toward your endeavors!
I some cases you may be able to rent if you can prove income and explain the situation. It in the end depends on the owner and that usually comes on a recommendation from the agent.
You may also check craigs list and find some for rent by owner's, but please be careful on seeing those properties, for safety reasons. Also there is a website called forrentbyowner dot com you can check out. Thanks for the question and I hope this helps. Good luck.
Top Q&A Contributors
- Ena Vazquez
- Exit Realty Professionals
- Virginia Beach, VA
- View My Profile 2 answered questions
- Ida Bear
- William E. Wood & Associates
- Virginia Beach, VA
- View My Profile 1 answered question
- Jaclyn Heatherman
- Heatherman Homes, Llc
- Stafford, VA
- View My Profile 1 answered question
Please read Homes.com's Questions & Answers Community Guidelines.
