‘Boomerang’ Homebuyers Getting a Boost from Uncle Sam – NBC News.com

“We see a lot of boomerang buyers. I’d say about 20 percent of my current clientele has either suffered a short sale or a foreclosure in the past and are now re-buying back into the marketplace,” said Matt Weaver, a lender with PMAC Lending Services in Florida.

via ‘Boomerang’ Homebuyers Getting a Boost from Uncle Sam – NBC News.com.

U.S. Bank Repossessions Down 5 Percent in March, Lowest Since 2007 – WORLD PROPERTY CHANNEL Global News Center

What goes down still goes up.

” Meanwhile foreclosure starts in the first quarter increased from a year ago in 19 states, including New Jersey (up 83 percent), Maryland (up 43 percent), Indiana (up 38 percent), Delaware (up 24 percent), Connecticut (up 13 percent), and California (up 10 percent). The increase in California was the first annual increase since the second quarter of 2012, and the first double-digit percentage increase since the fourth quarter of 2009.”

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Shadow Inventory Quickly Evaporating


“There were a total of 43,000 completed foreclosure in February, CoreLogic said today.  This was 15 percent fewer than in February 2013 when foreclosures numbered 51,000.  It was also 7,000 fewer foreclosures than in January 2014, a decrease of 13.1 percent. The company said that since the financial crisis began in September 2008, there have been approximately 4.9 million completed foreclosures nationally. “