Short Sales, Foreclosures and REO Properties 
All you need to know about Charleston, SC Short Sales, Foreclosures and REO Properties.
There are currently 3 blog entries related to this category.
Running Charleston Foreclosure List for July and August 2010
Wednesday, June 30th, 2010 at 3:50pm. 179 Views, 1 Comments.
Charleston Foreclosure List for July & August 2010
I am seeing a tremendous amount of foreclosures lately, with some
clients being very happy, and other clients walking away from a
horrifying situation. If you plan on purchasing (or are a part of) any
short sale right now, please take a look at the list and make sure that
the short sale you’re after isn’t listed. While short sales and
foreclosures are often glorified, they are not to be taken lightly- you
need to be prepared and have a knowledgeable agent to represent you.
For
instance, did you know that even after a foreclosure is sold at the
courthouse steps, a seller may still buy the house back from under
you? It's called a Right of Redemption. Please let us know if you
have any particular…
Is the Charleston Real Estate Market Getting Better?
Tuesday, December 1st, 2009 at 10:35am. 199 Views, 1 Comments.
The Charleston real estate market has been in a slump for the past four years...When will this trend end?
Well, there is not going to be a clear-cut, definitive turnaround if you're looking for one. Real estate, which has traditionally been a solid investment, has been jittery (at best), right along with every other market. There isn't going to be a solid, radical change in direction in the Charleston real estate market in the immediate future. There are just too many foreclosures and short sales coming up on the market, which are still keeping home values down. While home values nearly doubled from 2000 to 2006, the average has fallen somewhere around 30% in most Charleston areas.
But are things getting better?
The Charleston real estate market has…
Buyers, Beware of Short Sales!
Thursday, July 9th, 2009 at 6:52pm. 271 Views, 2 Comments.
Just a quick reminder to all of you buyers out there trying to get a steal on the next short sale deal in Charleston. A lot of the time, there are wonderful deals (read in: steals) that can be made when purchasing real estate via short sales in Charleston. Most of the buyers I’ve encountered fully understand that a short sale is basically a seller that is behind on mortgage payments. They can be 2 months behind, or 7 or more months behind in their monthly mortgage payments. A short sale is when a seller is trying to get the bank to accept a loss on the property, or for the bank to accept a contract for an amount that is less than what the seller owes on the note. The seller basically owes more than the property is worth, or is in financial trouble and…
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