According to a January 26, 2015 article published on RealtyTrac.com, more than 7 million people will fall into the category of Boomerang buyers and enter the housing market over the next 8 years. People that lost their homes prior to 2007-2008 are now in a position to start looking to be a home owner once again. Part of the reason is that they are now past the 7 year period where a foreclosure or short sale (or any derogatory item) should show up on their credit report but still may be in need of credit repair. Credit bureaus do not always remove these items in a timely manner. And, over the next few years more people will be past that 7 year period and will once again, have the opportunity to buy a home.
The article also shared that these consumers still may have other derogatory items on their reports and may need to utilize credit repair in order to raise their credit score to the level required by mortgage lenders. Individuals can attempt to do it themselves by contacting the credit bureaus directly. However, it is time consuming and requires knowledge of the law. An alternative is to hire a professional, reputable credit restoration company.
Las Vegas, Northern & Southern California, Florida and Detroit, MI are markets that are likely to see the most activity.
What consumers must realize is that time is required to go through the credit repair process.
It can take anywhere from 60 days to several months to effectively clear a credit report of derogatory items. We have offices in Clearwater, FL and San Diego, CA to help people repair their credit. And, we work with independent Agents around the country that can assist consumers in any U.S. market.
For San Diego credit repair call 619-492-3040. For Tampa, St. Pete, Clearwater credit repair call 727-222-0120.
We offer a free, no obligation consultation. Together we will determine whether credit restoration can help you by discussing your individual situation. We will then give you details on the process and time frame.
Get ready for the opportunity to be a home owner once again by taking action now to restore your credit and your overall financial health.