Looking to move to Florida.
2007-06-20 08:22:15 · 15 answers · asked by David B 1 in Business & Finance ➔ Renting & Real Estate
It complete depends on the situation. Some people will run a credit check. With the housing market in Florida in the situation it is in, it is not uncommon for people with bankruptcies to need housing. So to answer your question, you are more likely now to find someone willing to work with you than you would have a few years ago. Most homeowners who rent their houses out are simply looking for someone who can afford the rent, and pay first, last and security. With a bankruptcy I wouldn't expect much leniency on the initial money needed, but I doubt you will have a problem finding someone who will rent to you. You may even want to check into the pre-foreclosure market, it is a good way to just take over someone else's mortgage (you will save money on rent and will own your own house). Good luck.
2007-06-20 08:41:59 · answer #1 · answered by BobbyK 4 · 0⤊ 0⤋
Everything is relative. If you have serious unpaid bills and judgements, a discharged bankruptcy will actually help your credit. But beware, after you file, but before it is discharged ( or granted), nobody will want to rent to you, because you can sign, move in, then include the lease in bankruptcy, and skip out, and/or destroy the place, without having to worry about paying damages or the remainder of the lease. During that period an individual landlord might not check your credit, and may rent to you, but a professional leasing office usually won't.
2007-06-20 15:30:39 · answer #2 · answered by bocaBroker 1 · 0⤊ 0⤋
Yes, a lot of places do look at your credit history and will not rent to someone who has claimed bankruptcy in the past 4 years. But there are some that do not. Your best bet when looking is to be upfront and ask them what their criteria is and if they have a policy against past bankruptcy claims before you pay your application fee. Good Luck!
2007-06-20 15:30:47 · answer #3 · answered by accebermn 3 · 0⤊ 0⤋
Yes, a lot of places will not rent to you if you have a BK. The best way to get a place is to go through craigst list or research it on your own to find a person who will rent to you. People may rent to you if you pay for your rent in advance or if you give them enough security deposit. It would help to if you can get someone to sign a lease for you.
2007-06-20 15:27:32 · answer #4 · answered by Windy 4 · 0⤊ 0⤋
It can. Property managers will often use background checks to decide whether or not to rent to someone. That most likely will include a check of your credit history. A bankruptcy will make you appear to be a risky tenet.
2007-06-20 15:26:51 · answer #5 · answered by Anonymous · 0⤊ 0⤋
It depends on if the Aprt. you are looking at does a credit check or not. If they do, YES it will hurt you. But I have never had any potential landlord run a credit check on me once in my life. The key is to have a large deposit or at least 2 months rent ready to go. If you can do that they may not even run a credit check.
2007-06-20 15:26:11 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You can buy a house. Your interest will be higher though. Try Lending Tree or Country Wide. They will loan you money even the day after your bankruptcy.
2007-06-20 15:27:54 · answer #7 · answered by kndandesr 1 · 0⤊ 0⤋
Yes, they'll probably do a credit check and that will be the first thing to show up. You may want to be upfront with them and tell them that it is now in the past, and this is why you are a good credit and will make your payments on time.
2007-06-20 15:25:53 · answer #8 · answered by redwine 6 · 0⤊ 0⤋
Sure, it part of your credit history. A landlord could look at you and your credit history as a risk and they could charge you more in rent or more in security deposit .
2007-06-20 15:25:43 · answer #9 · answered by Alterfemego 7 · 0⤊ 0⤋
Probably will - almost all landlords will check credit history before renting to you.
2007-06-20 15:28:52 · answer #10 · answered by Judy 7 · 0⤊ 0⤋