Lowcountry home buyers struggle to find financing during market crisis

Posted by Kendall Harmon

Susan Brooks has found the house of her dreams. The perfect place to watch her 14-year-old daughter grow and fly the nest.

As a single mother of three, two of whom already are grown, Brooks, 47, has worked at Summerville Medical Center for 17 years and works a second job part-time in the evenings at a nearby Wal-Mart.

She has a contract on a home in the Archdale area of North Charleston and has 20 percent to put down on a mortgage. Her Bacons Bridge Road mobile home is paid in full and a buyer wants to move in Sept. 10.

Her credit could be better, she said, but she's almost debt-free and has labored to improve her score.

But no one's giving her credit for the hard work.

"I have the money, but no one will finance me," Brooks said. "I really want this house."

Read it all from the local paper.

Filed under: * Culture-Watch* Economics, PoliticsEconomy

Posted August 26, 2007 at 6:01 pm [Printer Friendly] [Print w/ comments]
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