How to Do a Credit Check for a Real Estate Contract
Landlords and property managers typically screen prospective tenants for creditworthiness by requiring them to complete an application that gives them permission to conduct a credit check and criminal background screening. The process for obtaining a credit report is worth undertaking to avoid the possibility of a contentious eviction because the tenant fails to pay the rent.
Instructions
- 1
Create or purchase an application to be completed by the tenant. Include space for the applicant to provide his full name, date of birth, social security number, employment history and references.
2Secure permission from the tenant to obtain a credit report by requesting him to sign and date an authorization for you to seek a report from credit agencies.
3Collect a fee for the application if you choose to impose one. You are not required to refund the fee or include it in any of the deposits you require before the tenant moves in. Disclose the amount of the fee on the application and/or release form as well as your policy for applying the fee toward moving-in costs should the applicant be approved.
4Contact one or more of the three major credit reporting agencies (Equifax, Experian or TransUnion) or third-party credit check organizations. Obtain a credit report on the prospective tenant by completing a report request on the agency's website. Pay the fee for obtaining the report, which usually costs between $8 and $20, as of the time of publication.
5Receive the credit report(s) and evaluate the listings and score. Pay particular attention to the applicant's rental history, looking for inclusions regarding late or unpaid lease payments. Match the rental history with any prior residences listed on the application.
6Contact the applicant's previous landlords and property managers to ascertain the applicant's rental payment history.
Real Estate - Homes for Sale RealEstateBook.com
www.realestatebook.comSearch Real Estate and Homes for Sale at the all new RealEstateBook.com . View Photos, Open Houses, Virtual Tours, and More.
Personal Finance - How To Information eHow
www.ehow.com/personal-financeGet expert advice for all your financial questions, from spending , saving and investing smartly; to tackling taxes; to buying a home; to getting the right insurance.
ActiveRain Real Estate Network
activerain.comActiveRain is an online community of real estate professionals who exchange best practices, write real estate blogs, and get free education from the industry and ...
Home Buying and Selling - How to Buy or Sell a Home
homebuying.about.comHome buying and selling tips, articles and professional advice. Complete guide to buying a home, selling a house, be a first-time home buyer, work with real estate ...
California Bureau of Real Estate
dre.ca.govLicense Status Check Licensees eLicensing Renewing Your LicenseThis is the home page of the California Bureau of Real Estate (BRE)
Real Estate & Homes for Sale - Zillow
www.zillow.com/homesSearch real estate listings for homes for sale and check out market info on Zillow
TORONTO REAL ESTATE, TORONTO HOMES FOR SALE,
www.torontogreathomes.comBuy and sell Toronto real estate, Toronto homes for sale. Search Toronto real estate MLS listings, GTA real estate, real estate in Toronto. Ontario real estate from ...
ActiveRain Real Estate Network - Blog Dashboard
activerain.com/bloghomeA dashboard view of blog posts on the ActiveRain Real Estate Network, made by real estate bloggers on the site.
Yahoo! Real Estate - Yahoo! Homes - Home for Sale and Rent ...
homes.yahoo.comOwn and Rent Home Worth CaliforniaSearch homes for sale, find home values, research housing markets, get a home loan , Design and Decor, makeovers, do it yourself, diy, remodeling, maintenance ...
eNeighborhoods.com - Real Estate Marketing Solutions Agents ...
www.eneighborhoods.comDo you know eNeighborhoods? As the nation's premier compiler of home and neighborhood knowledge, we provide real estate marketing and data services to the real estate ...
HOW TO ANSWER A CREDIT CARD DEBT LAWSUIT AND WIN!!!
www.howtoansweracreditcarddebtlawsuit.comExamples and sample documents used successfully in answering, fighting and winning a credit card debt lawsuit. If you have been sued by a creditor, this is the help ...
YOUR FRIENDS' ACTIVITY - Yahoo! Finance - Business Finance,
finance.yahoo.com/personal-financeSep 02, 2013 Read latest personal finance articles about loans, saving & spending, lifestyle, insurance, taxes, career & education, retirement, and real estate. Try our ...
Loans Personal & Bad Credit CreditLoan.com
www.creditloan.comCredit Loan offers personal loans for people with bad credit. Apply online today for up to $5,000 dollars with our secure and confidential application.
Homes For Sale, Local Data, Financing Info - ERA Real Estate
www.era.comSearch for Homes Guided Property Search Foreclosures AgentsHomes for sale. Real Estate information. Answers to frequently asked questions about buying, selling, or financing a home.,
Finance Articles - Find Finance Related Articles on ArticlesBase.com
www.articlesbase.com/finance-articlesFind Finance articles at ArticlesBase.com a free articles directory. Submit your articles for free distribution and find Finance content for your website, Ezine or ...
Experian - Credit Report and Credit Score with Toll-Free Support ...
www.experian.comMember Login Disputes Credit Report Identity TheftCheck your credit report and credit score with toll-free support, business credit reports, identity theft protection, and marketing solutions - Experian Official Site
Real Estate, Homes for Sale, MLS Listings, Agents Redfin
www.redfin.comSearch Los Angeles Seattle Southern CaliforniaSearch all MLS real estate listings. Tour homes and make offers with the help of local Redfin real estate agents.
Common Questions from First-time Homebuyers - HUD
www.hud.gov/buying/comq.cfmLoans Grants Buy a HUD Home HUD HomesWhy should I buy, instead of rent? Answer: A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your ...
Personal Finance Advice - Personal Financial Management -
www.marketwatch.com/personal-financecredit cards Quit stockpiling your credit card rewards Use them or risk losing them. How promises can vanish overnight.
Real Estate News - Home Prices, Mortgages and Loan Calculators ...
money.cnn.com/real_estateReal Estate news on mortgage rates, loan refinancing, home sales and housing market tips from CNNMoney. Real Estate calculators for loan refinancing, mortgage ...
Find Real Estate, Homes for Sale & Houses for Rent - realtor.com
www.realtor.comMLS Map Search For Sale Agents RentalsFind real estate listings, homes for sale, apartments for rent, and property records, as well as school and neighborhood information, on realtor.com(R).
Bad Credit Loans from Banklady Credit & Loans
banklady.comImprove your credit with personal financial tips from our online library. Find information on bad credit lenders, debt consolidation, credit cards, and banking.
Money - TODAY.com - TODAY - Top News Stories, Video Clips,
www.today.com/moneyHow your credit can drive up the cost of a mortgage. Planning on getting a home loan anytime soon? Before you do, you should know that there are two types of loans ...
NYC Real Estate For Sale
streeteasy.comRentals Manhattan Sales BrooklynNYC Real Estate For Sale. Condos, luxury lofts and single family homes in New York City, Manhattan, Brooklyn, Queens, the Bronx and Staten Island.
0 komentar
Posting Komentar