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4 years ago
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Our house is in foreclosure and up for bid in 10 days. Will we be able to rent a home knowing that we have lost ours?

We tried to work things out with our lender. Tried to modifi our home but that failed. This has gone on for a year now.
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Shea Isbell
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4 years ago
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Can you rent before the foreclosure goes on your credit report? Things will be a lot tougher once it does. But it's not hopeless at all, just the sooner you can start the renting procces the better

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4 years ago
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Firstly, sorry for your loss. Been there myself two+ years ago.Was fortunate that an individual homeowner, not a rental agent(they won't give you the time of day...but it's not their fault,just protecting their client), rented their home to us, for $1700+. ...sound like a mtg payment to you, yea, me to, but I have a safe place to for my kids to live. All in all, Shea is right, you've got about 20 days before your credit report says---uh,oh,deadbeat renter.I still can't get a loan or move into another rental until I can rearrange my credit score to a number that they will accept, around RI it's 600+ to even be considered. Best of luck, God Bless your family.

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4 years ago
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Thank you both so much that really helps a lot! In fact my husband and I did just that today! We looked at 3 houses today and found one we really like and so we should know by Fri. If this doesn't workout then we will keep looking until we find one. It's so nice to know that there are still people out there that think of others. Thank you again and God bless(:
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3 years ago
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Your best chance for a rental in your situation will be private owners on Craigslist. Keep in mind that if you completely move out of your home prior to the Trustee sale you will lose your rights to Cash for Keys from the lender. You can also try to ask the bank if they will put off the sale date if you wish to do a short sale instead and in many circumstances the bank will do it which buys you more time with no rent payment to save. If they say it is a go for the short sale, you contact the Realtor of your choice and teh bank pays all the selling fees. In addition if you qualify for a HAFA short sale you get $3,000 on average to move out at closing without damaging the home or stealing appliances, fixtures and so on. If you do not qualify for HAFA, you are still eligible for cash for keys at closing but it is normally closer to $1500.

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