Asked by FromW2S, Lake Dallas, TX • Thu May 20, 2010
Last September we had to short our house and move to a different state. We rented the house before the short sale was final and the property manager did not do a credit report.
We are wanting to move to a new house/city this coming Sept when our 1 year lease is up. My question is how likely are we to be approved. We had to stop paying our mortgage for 2 months in order to start our short sale process. That will be on our credit report. Application fees can be quite costly and I am scared of taking the risk if it's a good possibility we wont be considered by renters. How do renters look at short sales? We've paid our full rent monthly & on time.
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