Second chance apartments for sale

Second chance apartments for sale in the US

Understanding the Concept of Second Chance Apartments

Not everyone is familiar with the concept of second chance apartments. These types of apartments are offered to people who have experienced some financial setback that would prevent them from renting units elsewhere. Sometimes known as high risk apartments, these types of living arrangements can serve as a stepping stone toward repairing a damaged credit rating.

Second chance apartments may be right for people who have been through some sort of financial hardship and ended up facing eviction or defaulting on debts due to financial reversals. For example, a tenant who lost his or her job and could no longer afford an apartment may end up being evicted. At the same time, credit card and other debts were left unpaid, resulting in defaults. While the individual has since found another job and is making headway in repaying those old debts, the damage to the credit rating has already been done.

Some landlords will look closely at the circumstances surrounding those unfortunate events and be willing to take a chance on the applicant. In order to offset some of the risk involved, the landlord may require a higher deposit, and maybe even at least one month of rent held in reserve.

In return, the tenant has the chance to live in a comfortable apartment, and will also build good credit with the landlord by making the rent payments on time every month. The landlord in turn submits positive comments to the major credit reporting agencies, effectively aiding the tenant in rebuilding his or her credit over time. When all goes well, that tenant will be in much better financial condition in two or three years, and be in a position to ask for more favorable rental terms and conditions.
$465,118.81
Average price for sale in United States
$2,018.15
Average price per sq.feet for sale in United States
Cities with second chance apartments for sale
      second chance apartments for sale ads
      62 Howland St, Brockton, Ma 02302
       20
      62 Howland St, Brockton, Ma 02302
      $485,000
      Maryland - For Sale - 2,100 sq.feet - 2 bathrooms
      Back on the market. Here's your second chance. Agreement fell thru due to... Has laundry connections located in basement with easy access thru your apartment...
      Have A Broken Lease Years Old. Not A Problem Nice Propert
       1
      Have A Broken Lease Years Old. Not A Problem Nice Propert
      Request Details
      - For Sale - Apartment
      Second chance leasing. Is your broken lease years old i can help resort-style pool theater room hr fitness photos and contact info on advertigo website...
       Second Chance, Broken Lease, Eviction Felony Over 10 Years Southwest
       1
      Second Chance, Broken Lease, Eviction Felony Over 10 Years Southwest
      Request Details
      - For Sale
      Apartment#1531a - houston, tx, 77031 efficiency $550 /mo 528 sf one beds $645 /mo 757 sf two beds $800 /mo 977 sf special: $379-$599 tmi w/14mo two bedrooms...
      Pet Friendly & Nice And Bright Freshly Painted Apartments Arlington 1711ft 2
       1
      Pet Friendly & Nice And Bright Freshly Painted Apartments Arlington 1711ft 2
      Request Details
      - For Sale
      Let us help you find your new home! |we are second chance lease| studio: $725 ^ 1 bedrooms: $825 ^ 2 bedrooms: $1,195 ^ _ charges: deposit: $250 (could require additional...
      Need A.2nd Chance? Youve Got It !
       1
      Need A.2nd Chance? Youve Got It !
      Request Details
      - For Sale
      No 1 wants a poorly managed second chance community we can give you a second chance at credit and at choosing the apartment of your choice! Complete rental approval package...
      Youve Got It.need A.2nd Chance?
       1
      Youve Got It.need A.2nd Chance?
      Request Details
      - For Sale
      We can give you a second chance at credit and at choosing the apartment of your choice! No 1 wants a poorly managed second chance community. Complete rental approval...
       Second Chance Leasing Apartments Dallas Quot Houston F
       1
      Second Chance Leasing Apartments Dallas Quot Houston F
      Request Details
      - For Sale
      Second chance leasing dallas houston apartments - free help bryan at apartment dispatch - broken lease eviction bankruptcy and foreclosure okbryanw(at) - email...