You Want to Rent a Foreclosed Home? I actually got a call from a potential home buyer the other day and they were considering renting a foreclosed home. The buyer was having credit issues, so they knew they would have to rent for awhile before they could purchase a home. I explained that foreclosed homes are not for rent and probably never would be. The bank or investor just wants to sell the property and recover some of their investment. They are not interested in keeping the home for any reason. I have seen an increased interest in people renting single family homes. For many reasons, former home-owners are now renters. If you have a damaged credit score, renting for 2 years and getting your score repaired is crucial before you can buy a home of your own. Speaking with a mortgage loan officer can be helpful in getting your credit score back into shape so you can buy that home when you are ready. Avoiding foreclosure for current homeowners can be found here. 
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The authors of the this blog write about Grand Rapids Real Estate,
the Greater Grand Rapids MI area, and what it is like to live in
West Michigan. We believe: Grand Rapids is a Great Place to Live!
Westbrook Realty Grand Rapids MI Real Estate
Contact Terry 616-292-7263
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Terry & Bonnie - I have had a client in the past ask what the process was to rent a forclosed home and I said the same thing. Thanks for posting about it!
Darin Clark
Clark Financial Group
616-954-3941