Checking the owner’s credit history??

[pk92108]

Just a quick question….I am not a real estate professional so sorry for the basic question……I am selling my place and looking for a rental house….I know it is customary for the owner to check the prospective tenant’s credit report (with good reason)..

But are renters in a position to ask the owner for a credit history also???? I don’t want to end up in a house that the owner can’t continue to make the payments on and be forced to move because it would get foreclosed on..

I know I can just ask the owner but does anyone know if this is a common practice with all the spec homes being rented out??? Or if I see his FICO score is low maybe I can negociate a lower rent??? But I think the rental market is strong so I would imagine if he had a poor crdit history he wouldn’t let me see it and just rent to someone else….
thanks

[patientlywaiting]

Ask your Realtor to find out how much the landlord paid for the house and the loans that are still outstanding.

Realtors have access to that info.

[patientlywaiting]

Ask your Realtor to find out how much the landlord paid for the house and the loans that are still outstanding.

Realtors have access to that info.

[patientlywaiting]

Ask your Realtor to find out how much the landlord paid for the house and the loans that are still outstanding.

Realtors have access to that info.

[patientlywaiting]

Ask your Realtor to find out how much the landlord paid for the house and the loans that are still outstanding.

Realtors have access to that info.

[patientlywaiting]

Ask your Realtor to find out how much the landlord paid for the house and the loans that are still outstanding.

Realtors have access to that info.

[pk92108]

thanks..I will have my realtor do that….He once showed me that part on the MLS that shows how much is owed, but from what i remember you couldn’t figure out what was a loan and what was a HELOC, so it would still be a bit confusing….Can you tell the difference????

[pk92108]

thanks..I will have my realtor do that….He once showed me that part on the MLS that shows how much is owed, but from what i remember you couldn’t figure out what was a loan and what was a HELOC, so it would still be a bit confusing….Can you tell the difference????

[pk92108]

thanks..I will have my realtor do that….He once showed me that part on the MLS that shows how much is owed, but from what i remember you couldn’t figure out what was a loan and what was a HELOC, so it would still be a bit confusing….Can you tell the difference????

[pk92108]

thanks..I will have my realtor do that….He once showed me that part on the MLS that shows how much is owed, but from what i remember you couldn’t figure out what was a loan and what was a HELOC, so it would still be a bit confusing….Can you tell the difference????

[pk92108]

thanks..I will have my realtor do that….He once showed me that part on the MLS that shows how much is owed, but from what i remember you couldn’t figure out what was a loan and what was a HELOC, so it would still be a bit confusing….Can you tell the difference????

[34f3f3f]

This is a very good question. I want to move and continue renting, and have been tempted to ask landlords a few questions about the purchase history but have thought better of it. I noticed in the New York Times an article that said a landlord (bank) can evict tenants within days, but that new legislation is to give tenants more protection. I believe the banks would have to continue renting to the incumbent tenant for up to six months, after a bank takes possession. If you don’t have a realtor (and I don’t) I can’t think what you can do to protect yourself against this kind of thing.

[34f3f3f]

This is a very good question. I want to move and continue renting, and have been tempted to ask landlords a few questions about the purchase history but have thought better of it. I noticed in the New York Times an article that said a landlord (bank) can evict tenants within days, but that new legislation is to give tenants more protection. I believe the banks would have to continue renting to the incumbent tenant for up to six months, after a bank takes possession. If you don’t have a realtor (and I don’t) I can’t think what you can do to protect yourself against this kind of thing.

[34f3f3f]

This is a very good question. I want to move and continue renting, and have been tempted to ask landlords a few questions about the purchase history but have thought better of it. I noticed in the New York Times an article that said a landlord (bank) can evict tenants within days, but that new legislation is to give tenants more protection. I believe the banks would have to continue renting to the incumbent tenant for up to six months, after a bank takes possession. If you don’t have a realtor (and I don’t) I can’t think what you can do to protect yourself against this kind of thing.

[34f3f3f]

This is a very good question. I want to move and continue renting, and have been tempted to ask landlords a few questions about the purchase history but have thought better of it. I noticed in the New York Times an article that said a landlord (bank) can evict tenants within days, but that new legislation is to give tenants more protection. I believe the banks would have to continue renting to the incumbent tenant for up to six months, after a bank takes possession. If you don’t have a realtor (and I don’t) I can’t think what you can do to protect yourself against this kind of thing.

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