The Federal Housing Finance Agency announced a new policy that will permit
some foreclosed home owners to purchase the homes back that they once had lost at fair market value. To
regain ownership, the ex-owners must be able to pay the full current
value of the property, and they still must wait at least three years
after their foreclosure to regain ownership, which is required to
purchase any home using a Freddie Mac or Fannie Mae–guaranteed loan
following a foreclosure. The new policy applies only to buyers’ former primary residence. Second homes and investor properties are not eligible. See more at U.S. Home Price Appreciation and Distressed Sales.
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