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Real Estate
Reply to "Landlords: Would you rent to a family who had been foreclosed? "
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[quote=Anonymous]I would want to know why the foreclosure happened and whether there are any other delinquencies in their credit history. The fact that the rent you are charging is similar to the mortgage they couldn't pay is not a great sign, but then, how long ago did the foreclosure happen? Was there a job loss, illness, divorce, or similar that caused them to go through a rough time? What is their income stream and other debt looking like right now? If they can satisfactorily explain the foreclosure, have an otherwise good credit history, and have steady income now, I would lean toward giving them a chance. [/quote]
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