How You Buy Again™ Works

Recovery from forclosure or bankruptcy or short sale to buy a home againYou Buy Again™ is a step by step program designed to help people who have been impacted by short sale, foreclosure or bankruptcy buy a home again in the shortest possible time.

The program helps you understand current lending requirements, evaluate how well you meet those requirements and identifies exactly what actions you need to take to qualify for a home loan again.

You Buy Again™ includes a custom plan for buying a home again and a real time monitoring service. The monitoring service provides regular information updates, alerts you immediately to any significant lending changes and mentors you throughout the entire process including periodic progress review meetings. The progress review meetings make sure you stay on top of lending changes and on track with your goal to buy a home again.

Below you will find a visual pictorial of the You Buy Again™ Process and explanations of each step of the process:

How It Works Timeline

You Buy Again™ How It Works Timeline

The You Buy Again™ program works as follows:

Step 1 – Initial Consultation and Assessment

  • Discuss adverse credit details and any extenuating circumstances
  • Discuss home re-purchase goals and objectives
  • Discuss current lender guidelines for wait period, credit, debt, income and assets
  • Discuss You Buy Again™ program process and benefits
  • Determine if the You Buy Again™ program is a good fit and enroll or wait and reassess at a later time

Step 2 – Mortgage Action Program (MAP) Meeting

  • Review lender guideline wait periods and earliest “Target Purchase Date”
  • Review credit report and identify recommended action items
  • Review customized Mortgage Action Program (MAP) which will provide detailed recommendations on what actions to take regarding wait period, credit, debt, income and assets

Step 3 – Real Time Monitoring of Lender Guidelines

  • Scheduled monthly information updates sent via email
  • Real time “Breaking News” updates on significant changes or opportunities

Step 4 – Progress Review Meeting(s)

  • Update credit and assess progress on all action items
  • Review lender guideline changes and current loan options
  • Update MAP as required

Step 5 – Home Repurchase

  • Refer to You Buy Again™ Program realtor (as appropriate)
  • Refer to Strategy First Mortgage (or clients lender of choice) to accomplish the following:
    • Provide pre-approval for home repurchase
    • Assist in identifying best available loan options, rates and fees
    • Complete loan application and loan process
    • Close Escrow!!!