Many homeowners find themselves falling behind on their monthly mortgage payments and may find themselves foreclosing on their home. When it comes time to buy a home again, you will be considered what is known as a boomerang buyer.
Back in the housing crisis of 2007, millions of homeowners lost their homes to foreclosure. Now that the years have passed, they’re looking to buy a home again and are subsequently called “boomerang buyers”—someone who has foreclosed on their home or experienced a short sale and are now eligible to buy a home again. As […]