foreclosure: Boomerang Home Buyers - 02/09/16 01:20 AM
In the years since the recession, the upturn in the economy and improved housing market are giving rise to "boomerang" buyers, or prospective home buyers that went through foreclosure and are now in an improved financial situation.
Helpful info for boomerang buyers:
Waiting Periods - The FHA imposes a 3-year wait to obtain a new FHA loan, and most lenders follow that guideline.  A foreclosure remains on a credit report for seven years, though the negative impact will fade as time passes, according to myFICO.com.  The website explains that a foreclosure is "a single negative item," which does less damage in isolation than in … (1 comments)

 
Jon Exley - MTI Serv. Corp., NMLS-Approved Educator #1400044 (MTI Services Corporation)

Jon Exley - MTI Serv. Corp.

NMLS-Approved Educator #1400044

Denver, CO

More about me…

MTI Services Corporation

Address: 7600 East Eastman Avenue, Suite 110, Denver, CO, 80231

Office: 877.684.3549

Fax: 303.379.7136



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