“Rick Piette, owner of Premier Mortgage Lending in Las Vegas, said his company has funded nearly 200 loans in the last year through its Another Chance program for recently foreclosed buyers. That’s up from 10 or 12 Another Chance loans in the prior 12 months.
“It took a while for people to accept that there was financing available,” Piette said. “Now, we’re busy as heck. Our phones are ringing off the hook.””
Homeowners who have struggled through a foreclosure or short sale do not have to wait up to ten years for it to come off their credit report. Instead, with Premier Mortgage Lending’s second chance financing, they have the option to make their dream of home ownership a reality again. Read more about this growing demographic of “boomerang buyers” in Las Vegas Review Journal’s article ‘Boomerang buyers who lost it all see life after foreclosure.’