Foreclosure in Bakersfield>Question Details

Jhall, Other/Just Looking in Bakersfield, CA

Is it possible to rent a home after going through a foreclosure?

Asked by Jhall, Bakersfield, CA Fri Oct 26, 2012

We are a married couple and already have bad credit scores and will be going through a foreclosure, we will need a place to live and would like to rent a home in the 93305/93306 area code. Thanks for answering my question.

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6
Why rent when you can buy. I just found a site that tells you if you can qualify for a mortgage after a short sale or foreclosure. try http http://:www.whywaitbuytoday.com
0 votes Thank Flag Link Sat Aug 10, 2013
Unless they move in with family most people who lose their home to foreclosure rent a home or apartment. The best way to get a landlord to trust you is to show you are responsible by offering to pay First month, last month, and a deposit at move in. In the state of California the deposit can be as large as 2 months rent (3 if the house is furnished).

Be honest and show them you will be a trustworthy, reliable tenant and they will be more likely to work with you.
0 votes Thank Flag Link Mon Nov 12, 2012
Is it possible? what other options might you have?
You may have to pay more than a market value rent.
You should get your script together to find a place and call around and be upfront and let them know your situation.

Harold Sharpe - Broker
So Cal Homes
(951) 821-8211
harold@socalhomes.biz
http://www.socalhomes.biz
California Department of Real Estate Broker License # 01312992
0 votes Thank Flag Link Sun Oct 28, 2012
Why don't you let me list your home in a short sale and I will find a rental to relocate you to in the zip codes your requesting? I also offer credit repair at no cost for my clients to buy but I will look at your credit to see what can be done to raiser your fico score to be more disireable to rental management companies. Let me know what you think... I can qualify you in 3 years after the short sale close date or foreclosure trustee sale date so it is a matter of time. You will only need a minimum 580 fico score to qualify for CHF Access half percent down payment program.

CHF Access half percent down flyer, pdf
http://tinyurl.com/9ewk9nq
Sheryl Arndt, standard needs list checked, pdf
http://tinyurl.com/9m2rsb2
Why Rent brochure
http://www.frankandsheryl.com/Documents/Why%20Rent%20brochure…
http://www.frankandsheryl.com/Documents/Why%20Rent%20brochure…
CHF Access income limits http://tinyurl.com/8lzf8he

http://www.Under640FicoScoreLoans.com
http://www.FrankandSheryl.com

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Broker – Sr. Loan Officer
DRE# 01440252
NMLS# 297251
760-486-4225
0 votes Thank Flag Link Fri Oct 26, 2012
Most Property Management companies require a certain credit score to quailify for a rental. I look at the whole package. It depends what the reasons are for your poor credit
0 votes Thank Flag Link Fri Oct 26, 2012
Of course. But the longer you wait and work on cleaning up your credit, the easier it'll be.
0 votes Thank Flag Link Fri Oct 26, 2012
Don Tepper, Real Estate Pro in Fairfax, VA
MVP'08
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