Past foreclosure? Millions of boomerang buyers ready to buy again

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“No one in California was ready for the. If you’re looking to buy again, reach out to a HUD-approved housing counselor before you begin. Also, the National Foundation for Credit Counseling provides.

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(From CNN Money) Millions of Americans who lost their homes during the foreclosure crisis are now poised to become homeowners again. That’s according to a new report from RealtyTrac, which estimates that 7.3 million so-called "boomerang buyers" will return to the U.S. housing market over the next eight years.

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Then last year, with the foreclosure behind him, he found himself with a. with a 30-year mortgage carrying a fixed interest rate of about 4.4% from Directors. More than five million American families lost their homes to foreclosure. “This ' boomerang buyer' group is a pretty substantial potential demand.”.

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