I just wanted to share my experience trying to find a rental after having a delinquent mortgage on my credit. We seriously tried looking for a house to rent here in Orange County a couple of weeks ago. My credit score has dropped from the mid 700's to mid 400's since we stopped paying the two mortgages. We looked at a few houses and submitted an application to the first house we liked. We told the owner upfront that we had credit issues due to our mortgage problems, however we had stable income and would be willing to pay 3 months rent up front. The owner flat out rejected us and decided to look at more credit worthy applicants. The second house we applied thru the property management company and gave them the same concessions i.e 3 months rent upfront, increased deposit. They ran our credit, saw it was horrible but he convinced the owner that we had rock solid jobs and verifiable income that could support the rent and that we were paying 2 months in advance. So we are moving into a house that is bigger and nicer and cost us 2500 bucks less each month this Saturday. So far I have not regretted my decision in letting the house go.