Legal Question in Real Estate Law in New Jersey
How will a short sell affect my ability to rent an apartment.
Asked on 8/22/13, 11:32 am
2 Answers from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
If it results in a negative credit report notice, it might impact your ability to rent.
Answered on 8/22/13, 11:38 am
Keith Singer
Keith A. Singer, Attorney At Law
A short sale will have a negative impact on your credit. It is likely but not certain that your landlord will run your credit, in that event that landlord may not agree to accept you as a tenant. Most states have limits with residential tenancies regarding the maximum amount of security a Landlord may demand but it is possible that you may be able to offer additional advance rental payments to offset the negative effect of your lower credit score. Should you require further assistance you may call, Best regards, Keith A. Singer, Esq. 732-749-3700
Answered on 8/22/13, 11:40 am
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