Solving the Knoxville Foreclosure Crisis
One Homeowner at a Time

Rick Smenner

RE/MAX Preferred Properties
[email protected]

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How To Be A Stellar Renter After A Knoxville Short Sale Or Foreclosure

imagesFor most Knoxville homeowner who have been thorough foreclosure or done a short sale, it can be difficult to imagine owning a home again. Fortunately, for many homeowners, owning a home again is not impossible and could happen sooner than you think, especially with programs like the FHA Back To Work Program. For a majority of homeowners that go through foreclosure or do a short sale, renting is a common way to help rebuild credit. Here are a few ways to be a stellar renter after a short sale or foreclosure. Pay Rent On Time This is a back to basics idea, but paying rent on time is important. Pay your rent on time, every time and you're in good shape to rebuilding credit. It is important to show that you have stable income and can be responsible to make your rent payments. Think Of The Golden Rule Treat your Knoxville rental like it is your own. Don't abuse the free maintenance. Be nice to your neighbors. Treat where you rent like it is truly your home. All of these things make you a good renter. They will also help you build a good rental history. Save Some $ On Rent Renting after a Knoxville short sale or foreclosure is a good opportunity to save some money and help restore your credit history. If at all possible, try to save some money on rent. Use the money you save to pay off additional debt. Rebuilding your credit after a foreclosure or short sale can happen slowly but surely. Establishing a solid rental history is important to helping rebuild your credit and helping you get back on your feet. If you’re facing foreclosure, please let me know if there is anyway that my team and I can assist you. You can give us a call at 865-696-9002 or send an email to [email protected]. Also, be sure to check out our Knoxville Short Sale and Foreclosure Solutions Page.

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