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Past foreclosure? Millions of boomerang buyers ready to buy again

Past foreclosure? Millions of boomerang buyers ready to buy again

A boomerang buyer is someone reentering the market after a foreclosure or short sale. According to this report , more than seven million buyers matching this description will purchase a home again in the next eight years-and 100,000 of them will come from our local market area.

Borrowers who lost homes to foreclosure during the housing bust are starting to buy again. Since the housing bubble burst, 4.8 million borrowers have lost their homes to foreclosure, and another 2.

Florida, Tampa Bay rank high in risk of mortgage fraud GFO Advisory Services, LLC is a SEC registered investment adviser that provides investment advisory services to a group of private investment funds and other non-investment advisory services to affiliates. mortgage products and services are offered through SunTrust Mortgage, a tradename for SunTrust Bank, and loans are made by SunTrust Bank.

Boomerang buyers who lost it all see life after foreclosure. said he was surprised when he realized he could buy again just 24 months after he lost his home.

Bank of America foreclosed on CASH buyer. Borrowers who lost homes to foreclosure during the housing bust are starting to buy again. Since the housing bubble burst, 4.8 million borrowers have lost their homes to foreclosure, and another 2. According to CoreLogic, this is a key year for boomerang buyers because seven years have passed since the peak of foreclosures in 2010.

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‘Boomerang buyers’ could help real estate market "Boomerang buyers" are returning to the homebuying market after losing their credit in the crash.

(From CNN Money) Millions of Americans who lost their homes during the foreclosure crisis are now poised to become homeowners again. That’s according to a new report from RealtyTrac, which estimates that 7.3 million so-called "boomerang buyers" will return to the U.S. housing market over the next eight years.

As of August 15, 2013, FHA has reduced their foreclosure waiting period to one year in some cases. Borrowers who can document a 20% loss of income for at least 6 months may be eligible to buy again one year after the foreclosure was final.

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Past foreclosure? Millions of boomerang buyers ready to buy again For many who lost their homes during the crash, 2017 is the magical seven-year mark that the foreclosure drops off their credit report.

A boomerang buyer is someone reentering the market after a foreclosure or short sale. According to this report , more than seven million buyers matching this description will purchase a home again in the next eight years-and 100,000 of them will come from our local market area.

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