Foreclosure

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Foreclosure Second Chance Properties

Foreclosure apartments that will approve you:Foreclosure Apartment Locators

  • Foreclosure
  • Pre-Foreclosure
  • Short-Sale

There is a good selection of apartments that accept a foreclosure. While you may have been denied recently, we are able to provide you a list of apartments that meet your criteria and will approve you.

Important: What would make it more difficult is if you have a foreclosure paired with a broken lease, eviction, bankruptcy, or background issues. If so, those are more pressing matters and you should direct your attention to the multiple issues page.


Foreclosure Frequently Asked Questions

How much will my deposit be?

A deposit for an applicant that comes back with a foreclosure is typically around one months rent. However, not every property is the same, and they can charge you more or less depending on the circumstances.

How old does the foreclosure need to be?

Typically foreclosures are treated the same as a broken lease, so the older the better. Most properties require the foreclosure to be at least one year old, and it would help more if you have some rental history afterward.

What if I was also declined because of a utility bill, or tax collection?

Either of those are automatic denial at a large percentage of properties in the market including many second chance properties. They will, in most cases, require the bill or lien to be paid in full before they can approve you.


Foreclosure Helpful Tips

  1. Get a free credit report if you don't have one at Quizzle.com. They do not require a credit card, and the more information you have the better equipped you will be for finding an apartment that will approve you.
  2. If you have paid off the foreclosure then bring documentation that it has been paid in full.
  3. Know your credit score, and account history. When visiting the properties you can ask for their criteria up-front, and often times they can tell you whether or not you have a good chance to be approved.

 

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