After years of renting, many people consider becoming homeowners, as recent studies show that the in 8% .If you plan to buy your own house, you must consider having a solid credit report as this is important when purchasing a home and can affect getting pre-approved for a mortgage.
If you have been evicted in the past and are wondering how How to stop an eviction in California read below to find out how you can get your credit ready to become a homeowner.
1. How can you check if you have an eviction on your record?
Evictions are mostly shown on a rental history background check, and if you have recently been evicted, it takes 30 to 60 days to appear. You can request a copy of your credit report from credit bureaus, as these are shown in the “Public Records” of your account.
2. Can being evicted affect a mortgage application?
An eviction shows up on a background check, in addition to a credit report, which could prevent you from being approved for a mortgage or even getting a job. Evictions don’t always appear on traditional mortgage credit reports, however, if you have been evicted due to nonpayment, your landlord probably hired a collection agency which is added to your report. The only time when this will not be visible anymore is if you paid the debt off more than seven years ago.