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American Dream Everyone Deserves A Chance
According to a poll of the former foreclosure demographic, 81 percent had never heard of the "Back to Work" program.
Considering the importance of “Boomerang” buyers, the Federal Housing Administration recently implemented the “Back to Work” program. This program allows the purchase of a new property as soon as twelve months following a foreclosure or short sale provided that the borrower can prove that their prior default was the result of a financial hardship. “Financial hardship” is strictly defined as an employer-driven loss of at least 20 percent in income for six months or more. Although the program is definitely a step in the right direction, it leaves those who were self-employed out in the cold.
Don't give up on home ownership. It is the American dream.
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Your Realtor Sylviana Montano 916.216.4955 or Sylviana.email@example.com
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