Past foreclosure? Millions of boomerang buyers ready to buy again

Heck no. Can you sell your house as quickly as you can get a mortgage to buy a new one on a site like Lending Tree. Then countless more debugging and optimizing it. And for the past two years, I’ve.

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.

How Boomerang Buyers Will Soon Flood the market. average credit score nationwide is 700 as of April 2017; About 6 million people, over the next 5 years, can buy a house again – due to disappearing bankruptcies

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Boomerang Buyers: How to buy after a Shortsale, Foreclusre, or Bankruptcy. Borrowers are not eligible for a new FHA mortgage if they pursued a short sale agreement on their principal residence to.

Many homeowners who have previously allowed a home to fall into foreclosure are ready to re-enter the housing market, according to a recent study by LoanSafe.org and YouWalkAway.com.. Nearly 80 percent of consumers who lost their homes during the financial crisis are interested in buying again, and 41 percent say their income is higher than when they first purchased a property.

The percentage of distressed sales (foreclosures and short sales) has declined from the mid-50 percent range to the low 20 percent range as the foreclosure crisis continues to recede. “We have seen the housing market swing from being a buyer’s market two years ago to a seller’s market with the inventory of homes for sale decreasing to ever-lower levels.

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The spring housing market is off to the races! The inventory of homes for sale is increasing, buyers are out in force, and interest rates have remained low, peaking the interest of buyers and sellers previously on the fence about making a move.. New research from realtor.com shows that the first week of April is actually the best time to list your house for sale!

From a buyers point of view; the sellers need additional time to move for one reason or another. Again, something has come up and usually it does. The sellers are having difficulty getting moved out and the time is being extended and extended. Possibly the home they are building still isn’t ready for occupancy.