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How to Rent an Apartment after Foreclosure

Member
By Susang6
User-Submitted Article
(30 Ratings)

If you are in a housing crisis, do not despair. Here are some tips to show you how you can rent an apartment after a foreclosure.

Difficulty: Moderately Challenging
Instructions

Things You'll Need:

  • Current credit report
  • Money
  • Professional references
  • Social security card
  • Bank statement
  • Driver's License
  • Pay stub,
  • Rental history,
  • Employer; name address and phone number
  1. Step 1

    Check your credit report to make sure there are no errors. If you see that you have late payments, or a foreclosure on your credit, be aware that this is a red flag. Do not stress out, there are property owners that are willing to work with you.

  2. Step 2

    Review the classified in your local newspaper. Look for smaller apartments, duplex, condominiums and town houses.

  3. Step 3

    Check your bulletin board at your church and ask co-workers, friends and family. Word of mouth is a good way to find rental housing.

  4. Step 4

    Make a list of rental properties. Call and make an appointment to meet with the property owner, or property manager.

  5. Step 5

    Offer to pay two months in advance, the last month and the security. This would be a gesture of good faith and most property owners will work with tenants who are willing to pay more up front.

Tips & Warnings
  • Proprietors look at payment history
  • Letters from previous rental properties are a plus
  • Steady employment is a factor as well
  • Rent apartment before your house goes into foreclosure
  • Ask someone to co-sign for you on the lease
Resources

Comments  

| View All 31 Comments

mattsaboy said

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on 8/18/2009 Great article. 5 stars

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on 8/17/2009 i always wondered what you did if your credit was bad, but I think some landlords will understand. 5*

mattybdown said

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on 8/11/2009 nice work ! good source of information.

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on 8/9/2009 Thank you-I wish I had this advice 8 years ago when I went through this! Great 5* article!

trvlarrngr said

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on 7/30/2009 Great article. People need to know how to rent after they have a foreclosure. 5 stars

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