So what's this about boomerangs? You mean those wooden tools that were first made in Australia, you know, those objects that you throw and they come right back to you? Well... Not Exactly
Boomerang buyer is a term of art, and it is used to describe the homeowners that underwent foreclosure and are now ready to buy another home. Hm, clever or....? I know it sounds kind of crazy, but there are many people who go through the stress and anguish of losing a home to foreclosure, yet soon enough, they want to buy again. Are these people sane or do they need a pinch? The first thing you're probably asking yourself is can they even do that?
The simple and straightforward answer is YES they can.