How to get approved for housing with a bankruptcy
Property management companies routinely reject applicants with recent bankruptcies or force them to gamble non-refundable application fees without knowing their approval chances. This leaves people facing automatic denials and trapped in a cycle of paying hundreds of dollars just to be told no.
What people tried
Every workaround mentioned in the threads below. We haven’t tested any of them — and nobody here is claiming they worked.
- 1Calling properties ahead of time to ask about policies
- 2Taking a gamble on paying application fees to apply and see
- 3Working with a mortgage broker for a manual underwrite
- 4Paying off the remaining mortgage balance with cash to unencumber the property before refinancing
- 5Considering offers from the current mortgage holder despite massive upfront fees
In their words
Unedited, grouped by where they were said, most upvoted first within each place, each linked to the thread it came from.
“In the past 11 years, I’ve had a perfect payment history and there is $7k left on mortgage. The loan has been sold 3 times since then.”source ↗
“I need to do a cash out refinance. But since my credit report doesn’t show the mortgage? So far no banks or credit unions will assist. I get an immediate denial because their computers don’t show a mortgage.”source ↗
“My current mortgage holder is offering, but they want to get me into a toxic loan with massive upfront fees.”source ↗
“The leasing agent is giving the whole "apply and see" bull but I'm not looking to throw 450$ out the window.”source ↗
“I guess I'm just looking to see if anyone has gotten approved with a bankruptcy on file. We've been an automatic no from most properties we've called from other companies.”source ↗
Where this came up
People with this problem also raised
- 3How do I know if I should file for bankruptcy?
- 2Why do I keep getting denied for debt consolidation loans?
- 2Is a property tax appeal worth it after a rejection?
- 8How to get a small business loan to buy an existing business
- 10How to rent an apartment with no credit history
- 2How much credit history do lenders actually require for approval?