Tag Archives: Foreclosed Home Owners Are Back and Want to Buy Again

Home owners who once lost their home to foreclosure have returned to the market, eager to buy once again. These “boomerang buyers” could make up a large number of the future housing market, considering their numbers. Since the housing crash, 4.8 million borrowers have lost their home to foreclosure and 2.2 million did a short sale, according to RealtyTrac data. As these borrowers get their finances in shape, repair their credit scores, and save up for a down payment, they’ll be looking to buy again, but their struggle will be […]