Charleston Weekly Real Estate News: Short Sale Buyers Face Difficulty Closing Deals Quickly

Rachel Nacion-Ograyensek of Altamonte Springs is living the double nightmare that many Charleston home buyers are facing. The house she wants is on the market as a short sale, so the owner cannot act until the mortgage holder approves the discounted price. They also must do this before April 30, 2010 to take advantage of the Federal government’s buyer’s tax credit of up to $8000.

They have found their dream home and cannot get the signatures necessary to put the purchase in progress. So what can buyers do?

For more information on Short Sales, read this article from the RISMedia.

For More information on Charleston Real Estate or Long-Term Rentals contact Jay Tracey Broker/Owner of Exit Realty The Tracey Group.

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