If you are experiencing financial distress and have received a notice of default from your lender, DON'T IGNORE IT!
If you know your options, you can act to REGAIN CONTROL of your situation, SAVE YOUR EQUITY and salvage your CREDIT!
Watch the video below and contact us at [email protected] to learn more.
Gorgeous waterfront home in Mt. Pleasant with amazing views and walkway/floating dock! Large, open floorplan with expansive water views. Upgraded appliances including 2 Fisher & Paykel dishwasher drawers, six burner Dacor gas cooktop, granite counter tops, eat in dinette area and enormous breakfast bar. Many other luxury features. All for under $1 million!
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Call/text 843-900-0155 to schedule a showing.
I read this interesting article in the KCM Blog and thought it would be interesting to share it:
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by BRANDON BRITTINGHAM on MAY 9, 2012
It’s likely you’ve heard the term “short sale” thrown around quite a bit. But what, exactly, is a short sale?
A short sale is when a bank agrees to accept less than the total amount owed on a mortgage to avoid having to foreclose on the property. This is not a new practice; banks have been doing short sales for years. Only recently, due to the current state of the housing market ...
Cheap Foreclosed Townhome For Sale in Mount Pleasant, SC
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Mount Pleasant is a safe and friendly coastal residential community that forms part of the Charleston, SC Metropolitan Area. It is connected to the South to Downtown Charleston Peninsula (via the newRavenel Bridge), Awendaw to the North, and Daniel Island (across the Wando River) to the West.
Since the late 90's, Mt. Pleasant has experienced strong population growth. Currently, the Town of Mount Pleasant has approximately 70,000 residents (click here to get a copy of the 2012 Mount Pleasant Demographic Report), a very strong school system (Charleston County), great public...
If you are looking for Charleston short sale information and foreclosure alternatives, trust The Alan Donald Real Estate Team. As your Charleston short sale specialist, The Alan Donald Real Estate Team can assist you by answering frequently asked questions about short sales in Charleston (including Mount Pleasant, Daniel Island, West Ashley, Summerville, Goose Creek, Hanahan, James Island, Johns Island, Kiawah & Seabrook Islands, Isle of Palms and Sullivans Island), provide information regarding the short sale process and help you make that first step in the short sale process.
The Home Affordable Foreclosure Alternative (HAFA) is a government program to help homeowners in distress. It p...
Due partially to the fact that the Supreme Court of SC determined at the beginning of the year that lenders MUST PROVE that they tried working a loan modification or deed en lieu with homeowners BEFORE they file for foreclosure, our foreclosure rates have been relatively low since May.
However, lenders have now figured out the necessary steps and paperwork to prove to the courts their efforts, and as a result we are going to see many more foreclosures (that should have happened 6-8 months before) coming our way. RealtyTrac (see map below) shows South Carolina as a one of the "high density" areas for foreclosures.
While this is not good news for the market in...
1127973Class:ResidentialStatus:Active1122164 Class: Residential Status: Active Distressed properties normally go through 3 stages. Each has different advantages and disadvantages.
This modern townhome just came on the market:
http://ctarmls.com/CharlestonReports/ListitLib/show_report.aspx?ID=0319356660
It seems that every time we meet with new buyers, the first word that comes out of their mouth is “foreclosures”. Buyers have been bombarded with news about the “state of the market” and the amazing buying opportunities that are available to them. Many buyers are not aware that there are three “stages” that a distressed property goes through, and that each of these may present different challenges and opportunities. Here is a summary of these stages:
1. Stage 1 – Pre-foreclosure
When the homeowners experience a hardship that prevents them from keeping current with their mortgage payments, they normally start exploring re...
In an attempt to lower their inventory of foreclosed homes ASAP, Freddie Mac recently launched a promotion to attract buyers and their agents.
With this promotion Freddie Mac (Homesteps) offers to pay up to 3.5% of the purchase price toward buyer's closing costs and a bonus to their selling agent for contracts (from owner occupiers only!) ratified from May 16th until July 31st, 2011 that close on or before September 30, 2011.
Also a two-year limited Home Protect home warranty that covers electrical, plumbing, air conditioning, heating and other major systems and appliances, plus up to 30% discounts on appliance purchases is available fo...
1112630 Class: Residential Status: Active I just finished watching a webinar put together by the South Carolina Association of Realtors on a new program called SCHelp, designed to assist homeowners who are facing hardship and are (or will be) behind in their mortgage payments. The SCHelp program received a large grant from the Federal Government and has three kinds of assistance programs:
1109658 Class: Residential Status: Active 1107741 Class: Residential Status: Active DORCHESTER County Leads Foreclosure Rates in SC
RealtyTrac reports that Dorchester County has the dubious honor of leading the state in the percentage of homes in foreclosure proceedings, with one out of 397. By comparison, one out of 419 homes in Berkeley County and one out of 535 homes in Charleston County are in distress.Unfortunately this means that there may be more "shadow inventory" coming our way as lender-owned properties, placing downward pressure on home prices.
Source:RealtyTrac
RealtyTrac reported today that Bank-owned home buyers saved an average of 36 percent in 2010:
"More than 500,000 buyers purchased a bank-owned home in 2010, down from 750,000 REO buyers in 2009. But 2010 REO buyers got better deals than 2009 buyers - paying an average sales price that was 36 percent below the average sales price of non-foreclosure properties. That was up from an average discount of 33 percent in 2009 and 28 percent in 2008, and buyers in some states saved more than 50 percent on average in 2010..."
Check out a list of foreclosed & distressed homes
Want to save BIG? Call us today 843-416-1434.
There always seems to be a "hot topic" that draws the public's attention. In the last 2-3 years foreclosures have taken over the media and it seems that every day there are news and articles written about this topic. I recently read an article on Trulia.com that mentioned some of the interesting myths around foreclosures:
Bank of America announced this week that they were freezing all their foreclosure processes until all the foreclosure documentation had been reviewed.
In its most recent report to shareholders, BofA disclosed that it solf $453 million in foreclosed properties during the second quarter of 2010. It still has an inventory (REO's) of $1,740 million worth of foreclosed homes it needs to dispose of.
Bank of America is the fourth lender that has temporarily halted foreclosures pending review of their documentation. The government is increasingly concerned that lienholders may not be carrying due process and correct documentation for their foreclosures, and lenders like BofA want to make sure ...
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The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real...