Also, here are a few good sites which help you find homes in the South Bay.
You will be able to rent. I actually help all my short sale clients find and negotiate their rental, if they ask for that help. Speak to your agent and see if they will help you. It often helps to have character witness when dealing with the new landlord. Also, if the major damage to your credit was created by your mortgage, and not by your car payments or excessive credit card debt, you should be in good shape. Unfortunately, short sales and foreclosures have become so prevalent, that most landlords are more accepting of this type of problem on your credit history.
You will, however, need to be very honest with any potential landlord or rental company. You may be required to make the maximum security deposit allowed under California state law (2 months rent for unfurnished and 3 months rent for furnished). Be prepared to provide references. Good luck on your new start and Dare to Dream.
Shel-lee Davis, QSCÂ®
Certified Distressed Property Expert â€“ CDPEÂ®
Short Sale & Foreclosure Resource â€“ SFRÂ®
Certified HAFA Specialist â€“ CHSÂ®
Your Real Estate Consultant for Life
RE/MAX Palos Verdes Realty
A phrase to watch out for is this "The owner doesn't want me to give the address out, we've had so many calls on this property, I need to run your credit 1st & you need to pay me a fee, after that I can show you the property" Just hang up the phone if you hear a phrase like that!!
Write a letter about yourself: "Why I had to do a short sale on my home" is a good title. This will represent you as a real person who possibly did a strategic short sale to get out of an underwater home & in your situation possibly missing payments was necessary. "We're good people, not screw ups, I'm employed, I can afford this rent" etc.
Hope this helps.
Realtor Since 1996
Short Sale Expert
Yes you can. Explain up front with the landlord or leasing agent your situation. Fill out any tenant credit application with the detail also. You will find another home their are many to choose from.
All the best,