[Rick Lee]

So my perfect tenants with less than perfect credit have bought a house after living in my place for two mos. They want out, but are offering to do everything they can to find more tenants. They must have really fixed up the place, as they've already brought me two couples who want the place within two days of placing the CL ad. Took me two mos. to get one serious bite. Tenants have been better than great, direct depositing rent a week early, sending me photos of the painting thet've done, etc. I'm going to miss these guys.

Anyway, another couple who wants the place filled out the rental app. and the credit report I pulled on the husband gives me pause before even bothering with his wife. His FICO is 571, which is not great, but the real concern are two 90 day lates on their mortgage in June and July 2009 and a "settled for less than full balance" note on the CR. The wife just called me to explain that they did a short sale and were never late once. I've heard of Wells Fargo dinging credit for short sales, but how else do they note it on a CR other than by giving out 90 day lates? She said they sold the house last June, so there was not even any payment due in July for them to be late on. Sounds legit to me. Virginia is a deficiency state, so I asked her why WF wasn't coming after them. She said it was a VA (Vet. Affairs) loan and, since VA paid off WF, all was good again. Sounds legit to me. What do you guys think?