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Your Choice Real Estate
Your Choice Real Estate Services
by Fran Dugo
Fran Dugo - Your Choice Real Estate Services
"It has slowed down," Dugo said, adding that March and the first week of April still were humming.
"People know that 99 percent of the sales are short sales, and first-time homebuyers can't get involved with that it they have to be closed by the end of June."
Dugo said the predominance of short sales made it particularly difficult to wrap up before the federal tax credit deadlines.
Homes must be under contract by April 30 and closed by June 30 to qualify for the tax credit.
Dugo said short sales were taking a minimum of three months to complete, and some much longer.
"Most of the area is really predominated by short sales and some foreclosures,"
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