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Foreclosure ‘boomerang’ homebuyers return

By
Real Estate Agent with RE/MAX Premier Group SL3116482/SL3020723

It takes three years post-foreclosure to qualify for an FHA mortgage, but that now makes about 729K households eligible. Read more.

 

Posted by

Nick & Cindy Davis

The Tampa Bay Real Estate Warriors
REMAX Premier Group
2719 SR 56
Wesley Chapel FL 33544 
813-300-7116 Direct
NickandCindyDavis@TampaHomesSold.com 
www.TampaHomesSold.com

Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

I see a lot of people returning to homebuying after the "waiting period".  That is, if they have the money to do so for the down payment, which many have seemed to not be able to accumulate...

Jan 30, 2013 03:10 AM
Nick, Cindy & Nicholas Davis
RE/MAX Premier Group - Tampa, FL
CRS,CLHMS,ABR,GRI,CIAS,ALHS,e-PRO,CDPE,SFR

Here in the Tampa Bay Area we do have USDA (Rural Housing) so buyer's can still in certain areas get 100% financing. Closing costs is what we are seeing that the buyer's underestimate.

Jan 30, 2013 03:14 AM