DON'T DO IT!!! Please NEVER co sign for anybody or anything. You will regret it. Here is how it works: If you co sign, it means you are legally responsible for the loan. If the borrower (your Mom) defaults or pays late, the lender will force you to pay the monthly payments.
Example: We co signed for our son's student loans. The payments started 6 months after graduation and within a year, he started paying late. Payments are due the first of the month. He was paying around the 15th of the month. Between the 10th and 15th of the month, we received up to 4 phone calls everyday from the lender requesting payment. They threatened to garnish our salary, put a lien on our house and they have our Social Security number so they can take our IRS tax refund. And this is because our son paid 15 days late - he never defaulted. He always paid the loan. You should have been on the receiving end of those phone calls. They do sound threatening and they mean business.
Tell your Mom's lender that you REFUSE to co sign. Explain to your Mom that co signing will ruin your life and yes it will make it difficult to get a mortgage loan if you want to buy a home. When you apply, your lender will take the co signed loan with your Mom into account and it means your debt to income ratio will be higher than it should be. Lenders view it as you owe the entire loan even though it's your Mom's responsibility BUT you co signed for it.... more
I have a great recommendation if your concerned about your credit report and score. Call 1-800-368-4193 make sure you ask for Alicia. Worked with her last year to help remove inaccurate items on my credit report. When I was first referred to her my score was 480, 432 & 466 after 1 month it went up 39 points and in about 5 months 109 points. She is very knowledgeable on ways to legally make both the credit bureaus and creditors do the right thing, and in doing so the items fell off my credit report its been 9 months now I'm at 755 750 and 720 with Experian, but I'm still a satisfied client all I did was follow her advice. Oh she also has portal access so I saw exactly what was being done with my credit and I was able to message her when I had questions from within the portal.... more
You'll have better luck if you contact a Realtor in that area directly. They'll have access to your local MLS and can see if it's still available or not. The listings here on Trulia (and other sites like Zillow or Realtor.com) have notoriously outdated listings.... more
It will probably be more difficult to rent with prior evictions (you did mean more than one I assume) than with poor credit........why would a landlord trust you not to do what you did in the past?
If it happened once, with an explanation, that might be one thing........but more than once?
I suggest you save up money in order to offer prepaid rent as an incentive (if it is legal where you are) as that might be the only way for a new landlord to rent you their house..........or.......find a co-signer who has a good credit history, income and no evictions.