Prepare yourself for the ‘Boomerang Buyers’

You can help the increasing number of individuals and families who want to own a home again after short sales, foreclosures and bankruptcies. The first step is to stay informed about programs and requirements that can help them reach their goals. For example, understand the factors that can fully repair a FICO credit score.

Another idea is to learn from what others are discovering through research and experience. Also, make yourself aware of helpful information offered through the real estate industry and lending institutions.

For a quick-hitting read on the subject, check out the “Return of the Boomerang Buyers” in the July issue of Illinois REALTOR® magazine.  Check out the easy-to-read chart about waiting period requirements for different methods of financing, too.