Obviously, stopping foreclosure before it’s too late is always the best option, so if you are in fear of foreclosure, please find help right now, before it’s too late. But, if you’ve already lost your home to foreclosure and you are having trouble find a place to stay, here are a few options that will be cost effective and they probably won’t do a credit check!
Use craigslist to find an apartment for rent by owner. Most large apartment complexes will always run a credit check, but individual owners will base their decision on their impression of you, not your credit. If they do run a credit check, make sure you tell them about your past and explain how you are back on your feet now. Ask them if they think you’ll get approved based on what you already told them. If they say no, then don’t apply, but chances are, if you are up front and honest with them, they will give you the apartment. If you are having troubles find an apartment this way, you can look in the temporary housing or sublet category. Here you can find short term housing by assuming someone else’s apartment or lease. In some cases you will need to apply directly with the owner, but many times, you will just be paying the old tenant. No credit checks or deposits!
Use VRBO. Vacation Rentals By Owner is what it stands for and you can easily find it by searching VRBO on your favorite search engine. The key to getting a good price is to stay somewhere out of season or when they don’t have a lot of bookings. There’s an online calendar to see when a place is booked. Just try to find one that has the entire month free and offer them a reduced rate for the entire month. I use this system when I go on vacations and I never pay more than $1000/month for a two bedroom beach front condo. Rentals are available in most locations and they are mostly individually owned, so there wont be any applications or credit checks.
Live in a campground. This option is for those of you who don’t have much money, but don’t want to live on the street or in your cars. Today, it’s fairly easy to find a clean, modern, and affordable campground. Depending on your camping style, you can stay in a tent ($39 at Wal-Mart), or if you have a few thousand dollars, you can buy a nice used travel trailer. Find a campground with affordable rates ($2/night with a tent or $10/night with a trailer is the best I have seen) and modern shower and restroom facilities. Depending on the time of the year and season, this may be harder in some areas, but many campgrounds stay open year round. Camping may change your daily routine a little, but overall, it is a simpler life and it shouldn’t effect your ability to continue working or sending the kids to school.
Becoming homeless is very hard to accept, but with a little work and guidance, you should be able to avoid living on the streets after foreclosure, without spending $50-$100 a night on a hotel room. If you have any other suggestions on where to live after foreclosure, please let us know!