Very few recent mortgage originations were from borrowers with a previous foreclosure. Less than 25% ever return to homeownership.
It’s human nature to find hope when times are bleak. When housing crashed, bankers and underwater loanowners clung to any hope of recovery that would bail...
http://ochousingnews.com/blog/the-boom-that-never-materialized-boomerang-homebuyers/
Monday, August 8, 2016
The boom that never materialized: boomerang homebuyers
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