Tuesday, November 19, 2013

Boomerang Buyers

Boomerang buyers are those folks who lost homes to foreclosure or deed-in-lieu or by some sort of compromise sale in the past few years, who are now ready to get back to being home owners instead of renters. FHA (the government backed lender) has come up with a program called "Back to Work" that is designed to help those people purchase homes again. The general idea is this: (quoted from HUD - Back to Work)  FHA is allowing for the consideration of borrowers who have experienced an Economic Event and can document that:
 certain credit impairments were the result of a Loss of Employment or a significant loss of Household Income beyond the borrower’s control;
 the borrower has demonstrated full recovery from the event; and,
 the borrower has completed housing counseling. Of course, there are other rules and regulations that go with this program and qualified lenders can help you navigate that. If you are one of those former home owners who lost a home in the recent recession, it may be time for you to find out if you are eligible once again to purchase a home. Owning a home is still the American dream. Are you ready to "boomerang" back into homeownership?

Thursday, November 7, 2013

2013 Virginia Elections

It's over, results are in and it's time to get back to normal. I for one, will not miss the mid dinner phone calls to "just ask a few short survey questions" or the non stop barrage of wasted paper products going right from my mailbox in to the recycle bin! When will politicians learn that we don't base our votes on that stuff? I want to see the candidates talk about only what they will do for me, not one word about what their opponent did or did not do ... ever. Let's get back to running the government and balancing the budget. If you wonder how it all turned out: Check out the link to a local results page: Virginia Election Results 2013