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.
$346,327.79
Average price for sale in United States
$1,835.87
Average price per sq.feet for sale in United States
Cities with second chance apartments for sale
    second chance apartments for sale ads
    6745 Torresdale Ave, Philadelphia, Pa 19135
     1
    6745 Torresdale Ave, Philadelphia, Pa 19135
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    Philadelphia, Pennsylvania - For Sale
    With income potential with the second floor 1 bedroom apartment. Bring your checkbook... An office or nail/hair salon? So many possibilities so here is your chance! Owner...
    226 Main St, Southport, Ct 06890
     1
    226 Main St, Southport, Ct 06890
    $3,000,000
    For Sale - 3,840 sq.feet - 4 bathrooms
    Your chance to own a part of southport's history. Wonderful location steps... Harbor, pequot yacht club and the country club of fairfield golf course from the second...
    6745 Torresdale Ave, Philadelphia, Pa 19135
     1
    6745 Torresdale Ave, Philadelphia, Pa 19135
    $80,000
    Philadelphia, Pennsylvania - For Sale - 1,580 sq.feet - 2 bathrooms
    Potential with the second floor 1 bedroom apartment. Bring your checkbook and elbow... Or nail/hair salon? So many possibilities so here is your chance! Owner wants to retire...
    Broken Leases Second Chance ! Free Apartment Locating Service
     1
    Broken Leases Second Chance ! Free Apartment Locating Service
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    For Sale - Apartment
    Free apartment locating. Broken lease second chance full name move in date area desired price range bedrooms pets email address send it to theaptgirl(at)yahoo...
    Bad Credit Apartments
     1
    Bad Credit Apartments
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    For Sale - Apartment
    Locations to choose from in the dallas metro area. Save time and narrow down your search with communities that offer a second chance program. And bedrooms...
    Have A Broken Lease Years Old. Not A Problem Nice Propert
     1
    Have A Broken Lease Years Old. Not A Problem Nice Propert
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    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.
    Great Apartment, Great Price, Great Location
     1
    Great Apartment, Great Price, Great Location
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    For Sale - Apartment
    With additional deposits. Ask about our second chance program minutes from downtown and th... One bedroom apartments in small gated community close to shopping dining...
    Would You Like To Keep That Extra Cash In Your Pocket
     1
    Would You Like To Keep That Extra Cash In Your Pocket
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    For Sale - Apartment
    Apartments is a second chance property we specializing in working with individuals...
     Apartments For Rent 100 Chase Village 30236 Jonesboro, Ga
     1
    Apartments For Rent 100 Chase Village 30236 Jonesboro, Ga
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    Jonesboro, Georgia - For Sale - Apartment - 2 bedrooms - 2 bathrooms
    Off your rent with our 3-2-1 special, second chance program now restrictions...
     Apartments For Rent 100 Leslie Oaks Drive 30058 Lithonia, Ga
     1
    Apartments For Rent 100 Leslie Oaks Drive 30058 Lithonia, Ga
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    Lithonia, Georgia - For Sale - Apartment - 3 bedrooms - 2 bathrooms
    Second floor second floor. 3 beds two fullsize baths, garden tubs in the master... Own private tour and a chance to live in this exciting community in lithonia...