Does bankruptcy or foreclosure keep a person from being able to rent an apartment?
Question:
Answer:
A landlord may refuse to rent to you, or impose extra requirements as far as security deposits, etc.
yes for seven years :(
that's the landlord's decision ... it can go either way
some look at it as though you're more likely to pay rent now, cause you have no other bills
It could, yes.
seeing as you have a credit check & everything, I'd think it would most certainly affect your ability to rent an apartment. Think about it--if YOU were the landlord, would you want tenents who have obviously proven that they can't pay bills?
More then likly, apt places do credit checks. They more then likly will just req. you to have a higher depost.
Up to the landlord, but at the very least it will probably require you to pay a higher security deposit or something.
It is possible. It depends on the landlord.
yes, because remember that the rent apartment companies just want to rent to a person that is able to pay the rent, and they make a economical study to know if you are in the bankruptcy bulletin, and if they find you are bulletined, they will not rent you the apartment, and this could be for 7 to 10 years, since is the period that your name is in the bankruptcy bulletin.
it could yes. They may require a large non-refundable deposit. A few years ago when I got a divorce I tried to rent an apartment and at the time my credit was not good and they told me I had to pay a $1500 deposit for a $650/month apartment. I said screwed it and looked in the paper for a roomate.I ended up just renting a garage apartment until I moved in with my now boyfriend. Good Luck
Yes, because it affects your credit score and worse, it shows you were unable to make your housing payments. This is much more significant to a landlord than if you were late paying credit card bills or medical expenses.
In the world of credit, potential creditors want to see a pattern of responsibility. They see top priority going to housing, then other secured debts and anything else descending from there. Thus a person with terrible credit who has paid their mortgage on time for 24 months will be eligible for a refinance or new purchase mortgage without as much difficult as someone who pays all their department store charges on time but ran 60 days late on their mortgage.
More Related Questions & Answers...