Andrea,
Thank you for your response. I am glad things have worked out well for you and your husband. There are definately exceptions in the case of foreclosures. Let's examine your case from an unbiased position to see why it worked out for you.
Andrea, there are two things you have in your favor. First, your previous home was in your husband's name. Second, you have or had two incomes.
Your credit, I am assuming remained good throughout your ordeal. If your previous house would have been in both your names, your credit would have been negatively affected. That would have made it extremely difficult to purchase another house.
You also had two incomes going for you. If you had relied solely on your husband's income, home purchase or rental would become nearly impossible.
Suppose you are the investor. You have a home to rent out. Someone comes to you with a foreclosure on their credit report and little income. Would you rent your house out to them? Probably not. You would continue to look for a better qualified renter.
I sent this email about foreclosures out so landlords think twice and examine every possible tenant closely. You are right, there are exceptions. I also can tell you dozens of stories where the investor was burned and put them in an extremely desperate situation.
I hope all continues to go well with you and your husband.
To your success,
Troy
Troy Boldt
Director of Sales and Marketing
888-674-9181
Login
Register
Search 
Forums
Topic RSS 