I am not sure if this is the right section to inquire, but, we have been looking for another place to rent or buy as our current landlord needs where we are back. We were recently surprised to found out that before we can even look at a house/apartment, we need to be pre-approved. We found a place we liked, and sent a request to see it. We were then literally bombarded with requests to fill out an application and provide an application fee, including all kinds of personal information, 2 years of tax returns. In other words, info you used to provide AFTER you saw the house and wanted it. We were informed that because of a new law (this year) you can't look at anything to buy or rent unless you are pre-approved. Never heard of this until now. This sounds like something that should be illegal.
Also, when my credit was checked, we were told that I might lose 2 or 3 points at the most and that I would get it them back shortly. I lost 11 points.
So, to wrap it up, why was this done so quietly? We have spoken to others who had no idea this happened.
Can anyone who has more knowledge about this educate us? Surely, something can be done about this?
Sounds like a lot more people might end up homeless.
Thank you!
Also, when my credit was checked, we were told that I might lose 2 or 3 points at the most and that I would get it them back shortly. I lost 11 points.
So, to wrap it up, why was this done so quietly? We have spoken to others who had no idea this happened.
Can anyone who has more knowledge about this educate us? Surely, something can be done about this?
Sounds like a lot more people might end up homeless.
Thank you!