How to Rent an Apartment after Foreclosure

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

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

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

• Perpetual Money

[mattsaboy]

on 8/18/2009 Great article. 5 stars

[MidniteWriter]

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

[mattybdown]

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

[BodyLogique]

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

[trvlarrngr]

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