Our house was foreclosed upon this month after late payments due to an extended illness. We have a mutual agreement with our lender, who purchased the note, to move by mid-August. The realtor who will handle the sale of our home said that he would provide a good reference letter to help us find a home to lease.
We are in Texas. Will we qualify for leasing a home within our means with this foreclosure on our record? On the common Texas Leaser's application, I see questions asking about if there was a foreclosure or eviction.
Each of us has steady employment (9 and 10 years as a teacher and hospital worker, respectively) and great references. Our monthly gross income is 5200. with only one loan payment of 350./mo.
The houses we are looking at have management companies handling the application. Is there anything we can do to increase our chances of qualifying to rent? I thought about writing a letter and including a pic. Or, is there not a chance because of the foreclosure?
Thanks
2006-07-13
16:21:36
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3 answers
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asked by
renter2006
1
in
Renting & Real Estate