FromW2S, Renter in Lake Dallas, TX

Rent after short sale is on credit report

Asked by FromW2S, Lake Dallas, TX Thu May 20, 2010

We went through a short sale last September and moved to a different state/city. We rented before the short sale was final & property manager didn't do a credit report on us.
This September we are wanting to rent in a different city. I'm scared we are going to lose our application fees due to our short sale. Can someone tell me how high of a possibilty this is. We have paid our rent month to month in full & on time. We did have to stop paying our last mortgage for 2 months to be considered for a short sale. So that will be on our credit report.

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Homeowners who have had a foreclosure or short sale years ago just got approved to buy a new home. Nowadays, many lenders have flexible loan programs that you can take advantage of. Visit an expert in your area to see if you qualify. You can also search online.
Check if you qualify for a mortgage. Try
0 votes Thank Flag Link Fri Aug 23, 2013
It might affect your credit or not. It all depends on how quickly the Short Sale is reported on your credit report.

Many landlords will accept this as it is becoming very common.

Good luck.

0 votes Thank Flag Link Sat Aug 18, 2012
We instruct all of your short sale or foreclosure clients MOVE prior impact on your credit report. These issues will tank your scores, COULD have double to triple amount in deposits plus 1st months rent and pet deposit

We work with many families search rent properties NO MATTER what your credit scores are we provided solutions and secure properties.

Contact my office if we can provide assistance in your next search.

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
0 votes Thank Flag Link Thu May 20, 2010
Hi. The determination about whether you are credit worthy to a landlord can be very subjective. If your rent has been paid on time and you have a good job history with adequate income to pay your bills, you should be able to find a home to rent. Your credit report may only reflect the late mortgage payments. That is a much better situation than a foreclosure. How about running a credit report to see what it looks like. That way, when you start looking for your next home, you can share your story with the prospective landlord.

~Robert Greenblatt
Keller Williams
Cherry Hill, NJ
Web Reference:
0 votes Thank Flag Link Thu May 20, 2010
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