Morning Minute: Getting Boomerang buyers back in homes of their own again

Boomerang homeowners who lost their homes to foreclosure or short sale during the recession, may not have to wait as long to qualify to buy a home again, under the Federal Housing Administration’s (FHA) Back to Work Program. Instead of waiting as long as 36 months to qualify for an FHA-backed loan, the agency’s program has shortened it to as little as 12 months. Read more from NAR.

If you are a REALTOR® working with today’s boomerang buyers, find presentations and resources from IAR’s recent Illinois Housing Leaders Conference, which featured the topic, “Helping Boomerang Buyers Get Back in the Market.”

In other headlines:

Sprinkler Mandate Poses Question Of Cost Vs. Safety – WICS TV

Mortgage Rates Go Up Then Drop Back Down After Release Of FOMC Minutes – WAND TV

 

This entry was posted in Consumer Information, Fire sprinklers, Housing Market by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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