Past foreclosure? Millions of boomerang buyers ready to buy again

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Boomerang Buyers: Buying Again After a Foreclosure or Short Sale. According to the WSJ, 729,000 foreclosed borrowers are now eligible to apply for an FHA mortgage, up from 285,000 in the same quarter in 2011. This number is expected to rise to 1.5 million by the first quarter of 2014.

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If not, it is something you might want to be aware of if you thinking about buying or selling. The boomerang buyer is someone who went through a short sale or foreclosure during the most recent recession but are poised to come back into the real estate market as those credit transgressions fall off of their credit reports.

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“In Sarasota metro, there is a fair bit of supply of for-sale homes, and since we suspect that there is a high number of foreclosures ready to. experts do not buy this gloomy scenario. They argue.

Boomerang buyers return to market after foreclosure 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, [.]

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