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Browse: Home / HOME / Apartment

How do you rent an apartment if you have left your home to the bank to foreclose?

BearsFan1: How do you rent an apartment if you have left your home to the bank to foreclose?
If you foreclose on a home, isn’t your credit rating in the dumpster? How would you rent an apartment? Would you want to have an apartment ready prior to having to leave your home?

Answers and Views:

Answer by Ryan M
Landlords who rent out crummy apartments don’t care about credit as much as cash.

Answer by Miss Q
Yes. This ruins your credit. Depending on your state, this foreclosure can be on your credit for as long as seven years. Again, it depends on where you live.

I had a relative in this same situation. You can rent an apartment; however, you may have to get an apartment that doesn’t do a credit check. They’re out there, but I must warn you: these aren’t always the best apartments. You may also want to consider having someone co-sign for you an apartment. This person must have good credit.

Yes, it would be wise to have an apartment ready prior to eviction. This way you won’t be homeless.

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