theresa, there is a big difference between little or no credit and bad credit. 640 ain't that bad provided the reason is that you have little history or few lines or none.
you tenant history includes things like the way you pay on time, get along with neighbors, care for the home and generally comply with the terms of the lease. your current landlord can draw a simple letter for you to indicate your history in those regards. i do for mine if they ask. since you are only there a year references from prior landlord's, if available, are helpful if they are complimentary. lot's of folks these days are moving for reasons like sales so you're not unusual in that regard
you can pull your own credit report, along with any co-tenants, to see what the landlord might see and cover that BEFORE he sees it if there are any derogatory entries.... more
Listen to all of the other real estate professionals here. It is most likely a scam.
I used to work in banking as an executive, I would get very wealthy people coming to me with official looking letters. They won money, someone found millions that is rightfully theirs etc etc. The one thing that drove each of these people to want to believe this letter was real was greed.
My guess is this home you are looking at is an AMAZING deal, under priced by hundreds compared to others in the neighborhood -
Work with a real estate professional or a professional rental agency is my best advise.
Best of luck!
Kindred Real Estate... more