better property management

11
Jan/07
0

Is it better to rent through a property management or home owner we have a foreclosure on our credit?

We tried to modify our loan and were unable to. Our home is now going up for auction on Dec 28th. I don’t know how much time we have so we are now rushing around trying to find a home to rent. I had heard that you should be honest and disclose the situation regarding the foreclosure with the potential landlord. I did that and guess what…she rented to someone else. Is it better to lie about the forclosure? Also will we have better luck going through a property management company or a home owner to find a rental? I have been with the company I work for 9 years and my husband has been with Intel for 3 years. We make good money and can afford the rent but we are concerned about the credit issue. We don’t have much time so any advice is appreciated.

Thanks :)

It may take a few tries but you should be able to connect with a home owner who will realize you are a good risk. Sometimes bad things happen to good people.

Management companies usually have less flexibility than individual homeowners. If you can get a letter of recommendation from either a prior landlord or someone who knows how you care for a property, that would help as well.

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