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As long as this was not a foreclosure and it does not show on your credit report, you should be fine. If it shows in your 12 month rental history it could also be a problem
how to check about someone rental history
After foreclosure, your top priority should be to find a decent, affordable place to live and to start rebuilding your credit. The best way to plan your next steps is to learn as much as you can about your rental and home buying options after foreclosure.
After Foreclosure, One should find a decent, affordable place to live and to start rebuilding credit.The best way to plan the next step, is to learn as much as he can about the rental and home buying options after foreclosure.
Assuming the rental properties under foreclosure, it is only that property that is being foreclosed.
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You may be able to keep your rental property depending on how much it is worth. You cannot have over 35,000 dollars worth of equity in a property in most states. It is best to consult with a bankruptcy attorney before you file.
yes mortgage lenders do consider rental history source of your credit score
The answer to this question depends on whether you are filing Chapter 7 or Chapter 13 bankruptcy. In Chapter 7 bankruptcy, if the rental property has equity, meaning that the value of the property exceeds what is owed on the property, the trustee would almost definitely seize property and sell it to satisfy some or all of your unsecured debts.
Yes, of course it can. What makes you think that wouldn't be the case?
Bankruptcy does not relieve a tenant from paying his rent: it's not a debt. Rent is due in advance of the rental period and is not an extension of credit. Oh, and a landlord cannot evict a tenant simply because he filed for bankruptcy.
Yes