Does an Eviction Affect Your Ability to Buy a House?
AuthorKelsey Heath. Date:
An eviction is a legal process where a landlord has the legal right to remove a tenant who violates the lease terms agreement. Common lease violations that can lead to eviction include failure to pay rent, excessive property damage, or disruptive behavior. No renter wants the embarrassment and upheaval of being evicted. But even after picking up the pieces and moving on, the eviction can still affect your ability to buy a house in the long term. While an eviction makes getting a home loan more challenging, it doesn’t automatically disqualify you. With some work, you can get your finances back on track and realize your homeownership goals. What Happens to Your Credit Score If You Get Evicted? Unfortunately, an eviction can seriously hurt your credit score. While the eviction won’t appear on your credit report, related actions like collections and lawsuits will. If your landlord sends unpaid rent or … Continued
The post Does an Eviction Affect Your Ability to Buy a House? appeared first on FastExpert.
Categories
Recent Posts
