Tuesday, November 23, 2010

Do I Really Need An Eviction Report?

The answer is YES, YES, and YES! If you’re only looking at criminal records and a credit report, you’re not getting the whole story. In today’s economy not only are homeowners losing their homes to foreclosure, people who rent are losing their homes to evictions. Lost jobs, medical bills, poor credit decisions and divorce have caused the number of evictions to skyrocket over the past few years.

If you’re not looking for eviction records you’re not getting one of the most important pieces of screening information a property owner can use to make an informed rental decision. Someone who has been evicted has given up one of the basic necessities of life, shelter.

If you’re not ordering a separate eviction report and rely solely on the credit report for eviction information, you’re missing out on 75% of the evictions filed. The only eviction records that show up on the credit report are monetary judgments which can take up to 90 days to show up on the credit report.

If you’re not getting an eviction report with your current screening package please contact the RSI office.