Tag Archives: YouWalkAway.com

Based on a poll of borrowers that have been subject to foreclosure, authorities at LoanSafe.org and AfterForeclosure.com say they're confident that 2014 will be the year of the ""boomerang"" borrower. They say changes in lending guidelines and population shifts make these buyers essential to the recovery of the housing market, particularly since developments that naturally advance housing have been largely disrupted in today's environment.

YouWalkAWay.com, a national foreclosure agency, recently released a June 2013 survey of its customers and found 54 percent are in pre-foreclosure, meaning they have defaulted on their mortgage but have not received an official foreclosure notice. The share is down from 2012, when 85 percent of YouWalkAWay clients reported they were in pre-foreclosure. The share is down from 2012, when 85 percent of YouWalkAWay clients reported they were in pre-foreclosure.

The American Dream of homeownership has been resurrected among strategic defaulters, a foreclosure agency stated in a recent report. After surveying previous clients, YouWalkAway.com found nearly 80 percent expressed a desire to purchase a new home again within the next 12 months. YouWalkAway.com explained it's common for previous customers to desire homeownership since interest rates are low and home buying lessons have been learned.