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.

Help the community by answering this question:


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
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
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
Sheryl Arndt, standard needs list checked, pdf
Why Rent brochure……
CHF Access income limits
Sheryl Arndt, Broker – Sr. Loan Officer
DRE# 01440252
NMLS# 297251
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
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