My friend is letting her house go to foreclosure & will need to rent an apartment. She is currently only 30 days delinquent. How do apartment management companies view foreclosures? Should she apply for an apartment now, knowing that she will not move in for a couple of months?

*** Please note that I am not looking for advice on how to keep the home or to get her out of the foreclosure. All options have been considered. Please give advice on how to proceed to obtaining her next housing. Thanks!

Sell and Rent Back

In the past I’ve had financial issues that has reflected negatively on my credit report…for the past year or so, my credit has been slowly getting better and better. What are my options? I have an annual income of about $40,000 a year.
Athens, GA

Real Estate Professionals

So 4 years ago I owned a car through a credit union purchased for $5,500. About a year after purchasing it the car was stolen, I did not have insurance at the time and therefore went to the credit union to see what my options were. They said they would defer the payments until something was found out on the car. 6 months later the car was found, with only a dead battery as damage.. lucky I know. So I called the credit union to see what I could do. They said I could do a voluntary repossession or begin making payments again. They told me the voluntary repossession would not be put on my credit report and that since the car was still in good condition and I did not owe much on it everything would be fine. So I don’t hear from them until now… 4 years later.
Last year when we went to buy a home the car was listed as paid off on my credit report. Now as of 2 weeks ago, they hired an attorney to “find me” and get $1,300 from me and they put a repossession on my credit report. I don’t have paper work on any of it because it was so long ago, but I do have a witness who was there when they explained the voluntary repossession to me and stated clearly it would not be placed on my credit report.
The repo on my credit bothers me the most, but I am also confused how they get there numbers, their attorney explained it like this “the original loan was for $5,500 they put in $2,000 worth of work upon receipt to sell and sold it for $9,000.

Can they do this? Can they list my car as paid off then list a repo 4 years later? Where are they getting that I still owe them money?

Repossession