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Will being foreclosed on make it harder to rent afterwards?

Tacoma, WA |
Filed under: Credit Foreclosure

I'm going to be going through a foreclosure and am worried that this will also make it harder for me to find a place to rent after this is over. Do I have anything to worry about?


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Attorney answers 1

Posted

A lot of persons are having financial troubles. If landlords do not rent to any person with financial trouble, landlords would be writing off a large pool of potential clients.

What you likely need to show is your ability to pay current rent.

If, for example, you are making $3000 a month but want to rent a place that costs $1500 a month, few landlords would be renting to you as you would look to be a poor credit risk. You would be a poor credit risk in this scenario even if there is no foreclosure.

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