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Increasing Number of FHA-Eligible Boomerang Home Buyers Means 70 Percent of Those Forced to Sell During Recession Will Regain Homeownership Status Within Eight Years

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Best Rate Home Loans reports that recent analytics figures are seeing an escalating number of previous homeowners who’ve gone through a foreclosure or short sale in the last several years as being eligible for an FHA home loan, and that 70 percent of the 5 million borrowers who’ve foreclosed since 2007 will become homeowners again in the next eight years—all signs that housing inventory numbers will continue to decline and home prices will continue to surge as more FHA borrowers take advantage of the program’s attractive down payment options and interest rates.

(PRWeb May 16, 2013)

Read the full story at http://www.prweb.com/releases/FHA-Boomerang-Buyers/2013/prweb10739475.htm


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