…Rob Magnotta, a real estate agent, recently listed his two-bedroom Irvine condominium for rent on Craigslist for $2,300. He had six applicants within 24 hours, including one who wrote a poignant letter about losing a home to foreclosure.
“It was almost too easy,” said Magnotta, who chose another renter. “I know the rental market was strong. But until you are actually renting the place, I think you are surprised it is that strong.”
“Foreclosure victims” ALL have “poignant stories” (as do those who have done what it takes to keep their properties above water and hold onto them).
It’s the credit score, stupid! Why would ANY “foreclosure victim” think THEIR credit score would win out on a rental application over other prospective tenants who didn’t over extend themselves??
