| A question came across my desk last week about a | | | | If someone has filed an eviction lawsuit against you |
| woman that was in a serious situation and she wasn't | | | | to just get you out of the property then you may |
| sure how to handle it. This woman lets call her Ms. X | | | | be able to talk with the landlord and work something |
| was in the process of moving from a rental property | | | | out before it gets to that point or if they have |
| to a home that she was buying. | | | | already started the eviction then move out quickly. |
| She was almost finished giving all of the information | | | | Afterwards you can ask the landlord for a letter of |
| that she needed to give the bank to complete her | | | | explanation as to why you were evicted. If the |
| loan application when she got a call from her loan | | | | landlord files a suit against you for money then this |
| broker. While he was going thru the steps of getting | | | | can have the biggest impact on you trying to buy a |
| her financed he noticed that she had an eviction on | | | | property. |
| her credit. He asked her what happened and why | | | | When the landlord wins a judgement against you that |
| she had the eviction. The eviction had come from her | | | | is an automatic red light to lenders. You will either |
| previous landlord not the one she had now and she | | | | have to pay off the judgement before you can buy |
| said it was over a disagreement with the last months | | | | the property or you will lose your chance of |
| rent. | | | | purchasing a property altogether. The best option in |
| Unfortunately for Ms. X this stopped her from being | | | | this case is to talk with the previous landlord before |
| able to buy her new home. Ms. X approached me and | | | | you apply for a loan and try to workout some form |
| asked if there was anything that could be done. I | | | | of a repayment agreement to at least show the |
| told her what I am now telling you. In almost every | | | | bank you are trying to correct the situation. |
| case of eviction there are two parts... the first part is | | | | In either case an eviction may not be a death blow |
| the eviction to get you out of the house. The | | | | when it comes to getting financing but a little |
| second part is the judgement or suing you to get | | | | proaction can get you a lot farther than a surprised |
| back rent or damage money for the damaged you | | | | reaction. |
| may have caused the property. | | | | |