RealtyTrack, a service that tracks foreclosures in the U.S. reported that lenders foreclosed on 1 million properties in 2010, a record number since it started tracking foreclosure activity in 2005.
That's a huge number! It means that banks are now proud owners of 1 million homes which will come back on the market this year. In Charleston and Mt Pleasant, we are already experiencing an increase in the number of lender-owned (REOs) that are being listed. There are currently more than 400 homes listed as REOs, and this number is probably much higher, as some REO agents do not label their listings correctly.
These properties will be aggressively priced, since banks will want to offload the...
Today I listed this great 3 bedroom, 1.5 bath townhome that was extensively renovated 2 years ago, including new siding upstairs, new roof, new windows and exterior doors, engineered hardwood floors downstairs and complete kitchen re-do including new cabinets, stainless steel appliances and granite countertops.
Real lane access provides 3 spaces to store your vehicles or boat. A fenced backyard provides privacy and...
