Could one rent an apartment under bankruptcy?

May 16, 2010


Here is the scenario: Mortgage payments are behind and to prevent foreclosure he filled for chapter 13. He missed two payments and now the mortgage company is requesting removal of the automatic stay to continue to foreclose. What are the options for this person in terms of renting an apartment or house…

Repossession

Related articles:

  1. Best way to foreclose on house? My wife and I are not doing well financially and are probably going to foreclose on our house. We are behind on our monthly mortgage payments by about 2...
  2. Know Your Rights in Case of Foreclosure Thanks to a federal law passed earlier this year, apartment tenants may stay in their home for 90 days or possibly much longer if their landlord can't pay the...
  3. Do you know if anything is being done about pets being left behind in foreclosed houses or apartment buildings ? If so, what? My stepkids brought to me a kitten they found in their driveway. It was in bad shape and was put down. The vet said it...

{ 4 comments… read them below or add one }

mikepattonisgawd May 18, 2010 at 8:27 pm

He can still rent. They are more interested in whether or not you have broken a lease.

Zuis May 19, 2010 at 4:37 pm

There will be no problem renting an apartment or house, as long as you have other good references and a steady job.

ebosgramma May 22, 2010 at 12:06 pm

If he is currently in chapter 13 he should discuss this with his bankruptcy attorney that is why he has one. There should be no legal problem with doing this. People in bankruptcy often lose their homes and have to move somewhere.
Potential landlords may view this as a credit problem so finding a rental may be harder or more expensive.

a_woman_with_a_brain May 24, 2010 at 10:26 pm

I live in michigan and the law says you can not enter into agreement for anything over $1000 while you are making payments on a bankruptcy. This includes contracts such as lease or rental agreements.
Most rental agancies will ask for a letter of discharge before they will rent to you.

Leave a Comment

Previous post: house is suppose to foreclose in nov, should i wait till then to find an apartment or get one now?

Next post: Is it possible to sue over this? An apartment being foreclosed?