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Past foreclosure? Millions of boomerang buyers ready to buy again

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Get the Deed: Take Over Homes in Foreclosure Subject To Existing Mortgage 2018 Will Be All About Buyers Reentering the Buying Market After a Foreclosure By Properties Online In For Agents , Real Estate Industry News , Real Estate Market Reports They may have lost their house to foreclosure, but they didn’t lose the desire to own their own home.

Buy a Home after Foreclosure; Buy a Home after Short Sale;. There are investors out there that will allow you to buy again in FOUR (4) years after a short sale, but expect higher rates, higher fees, and possibly larger down payment requirement.. This page is monitored by Boomerang Buyer.

However, when they’re ready to buy, they’ll be surfing listings and browsing how-to blogs like any other prospective buyer. Single-family renters. dismay when investors converted more than 4.

Click here www.KatherineForno.com Your REALTOR®, BA, CDPE, SFR, ABR Helping Families Buy & Sell Real Estate For Over a Decade & We Are Here to Help You!. Multi-Million Dollar Producer Member of the RE/MAX Executive Club-2009,2010,2011 Member of the RE/MAX 100% Club-2012 Certified Distressed property expert short sale foreclosure Resource Designation Residential Sales Farms & Horse.

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Recently, the Wall Street Journal popularized a catchy name for people who have gone through the storm of a foreclosure or short sale and are now ready to buy a house again – boomerang buyers. According to the WSJ, 729,000 foreclosed borrowers are now eligible to apply for an FHA mortgage , up from 285,000 in the same quarter in 2011.

"While millions of former homeowners reentering the buying market would have a significant impact on home sales, historical data shows a more gradual return rate for these so-called boomerang buyers, with less than half returning to homeownership even 16 years after the foreclosures were completed.

everything! September 26, 2015 Pam Marron Leave a comment National real estate post explains credit scores and 7.3 million boomerang buyers who may be getting back into housing.

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