“Sam Nguyen” a homeowner of San Juan Capistrano Ca, lost his home in a foreclosure due his wife illness.  Although Sam was employed and income could be verified by his employer, rental agencies declined his leasing application due to late mortgage payments and low fico scores.

It is unfortunate that not all homeowners are able to save their homes from foreclosure, but each situation is different and needs to be dealt with in the homeowners' best interests. When there are no options left to prevent the foreclosure, or the foreclosure victims do not want not keep the property but cannot unload it due to market conditions, adding another level of problems in trying to rent a new apartment just continues the humiliation and rejection that so define foreclosure situations. But even in these cases, with a small amount of planning and the addition of a few financial incentives, the homeowners can get a fresh start and gain some control back over their financial lives. The situation may be due to a new job in another state that requires a move, a precipitous drop in income that is expected to last long-term or other circumstances.

Because of their poor credit from the foreclosure and falling behind in other debts, however, these homeowners may have a difficult time being able to rent an apartment and start their lives over. Most landlords will not want to discover the fact that the homeowners are currently behind on their mortgage payments or had faced a very recent foreclosure. That will indicate to them that the apartment applicants do not take their housing payment obligations very seriously, and may pay the rent late or not at all.

The foreclosure victims will have to find a way around the credit check, if they are serious about renting an apartment and proving their financial integrity. The foreclosure victims do not know any friendly contacts in the area, though, they will have to offer the landlord an incentive to decide not to pull their credit histories and discover the late payments and foreclosure. For this purpose, they can offer an extra amount as a security deposit, or offer to pay an extra 2-3 months’ rent up-front, in exchange for the landlord not conducting a credit check plus additional security deposits. The offer of more money is a very powerful incentive for landlords, as they will be able to use the extra resources for current projects and investments. Extra cash in the form of a security deposit or extra rent will usually help the landlord see things from the foreclosure victims' perspective.

“Werentforu” offers co-signing opportunities to homeowners who need to lease after experiencing a foreclosure or a short sale. We offer luxury single family homes, condos, townhomes and apartments throughout Southern California for lease without credit checks. Victims of foreclosures or short sale can now avoid the excessive extra rent deposits by utilizing “Werenforu” credit services, restore their lives without the worry of low fico scores or credit challenges. For more information about Werentforu leasing credit services visit www.werentforu.net or call (800) 598-5268