Past Foreclosure Can Hurt Chances for Renters Home owners displaced by foreclosure, or the threats of it, are getting chilly receptions at rental complexes as well. Why? Home owners are deeply in debt by the time a foreclosure occurs. With no financial reserves to fall back on, they often make poor rental risks, says Nevel DeHart of First Advantage SafeRent, a national tenant-screening firm. Ron Bowdoin, who oversees 2,500 rental units for the SARES-REGIS Group in Los Angeles and the Inland Empire, says foreclosure victims often fail to meet his company's credit standards. "As they reach the brink of foreclosure, their credit reports have suffered tremendously," he says. "We have to do a co-signer or large deposits to get them into apartments." Source: The San Diego Union-Tribune, Emmet Pierce