Foreclosure and Short Sale Information 
Learn more about the short sale and foreclosure process. We will also update this blog with short sale and foreclosure listings as they come available. Check back often to view new short sale and foreclosure listings in Myrtle Beach, Surfside Beach, Garden City, Murrells Inlet, Litchfield Beach, Pawleys Island, and other areas along the Grand Strand.
There are currently 3 blog entries related to this category.
Myrtle Beach Short Sales and Foreclosures | 2010 Home Foreclosure and Short Sale Statistics
Wednesday, June 9th, 2010 at 7:24pm. 334 Views, 0 Comments.
The Grand Strand is like many of the markets across the country when it comes to the percentage of homes sold that are distressed homes. Below are market statistics taken from the local MLS on June 9, 2010. A majority of the offers we have submitted this year have been on properties that are either foreclosures or short sales. If your agent can help to get a short sale approved there are some really good opportunities to buy oceanfront homes in the Myrtle Beach area at great prices.
Quick Statistics
- 404 homes sold along the Grand Strand in 2010 were either short sales or foreclosures.
- There have been 1,652 homes sold in 2010 along the Grand Strand.
- There are currently 6,355 listed along the Grand Strand.
- Out of the 6,355 homes listed…
What is a Short Sale? | Myrtle Beach Short Sales Explained
Sunday, May 9th, 2010 at 7:39pm. 388 Views, 0 Comments.
The difficult real estate market along the South Carolina
coast and the rest of the country has led to short sales becoming more common
nationwide. Whether you are considering buying a short sale home or condo, or
need to complete a short sale to sell your home, it is important to understand
what the process entails and how to increase your chance of a successful
transaction.
What Is a Short Sale?
In brief, a short sale occurs when the lending institution allows a home to be sold for less than the mortgage amount. Up until 2007 to 2008 home prices had consistently gone up around the country for over a decade as the housing market boomed. Low interest rate financing was easy to get and plentiful up until the bubble popped and the boom became a bust.…
Myrtle Beach Short Sale Timeline | Indymac Short Sale Process
Monday, April 26th, 2010 at 7:35am. 1266 Views, 1 Comments.
I thought I would create this blog to educate individuals that visit my blog and website on the short sale timeline and process. I just submitted an offer to IndyMac(Now One West Bank) on a house in the Murrells Inlet area. I will continue to update this blog as the short sale is negotiated and hopefully approved. The buyer is a first time home buyer, so we are hoping to get everything approved and closed by the June 30th homebuyer tax credit deadline.
If you still have questions about what a short sale is, I will be posting a blog in the next few days that will help you to understand a short sale.
Update 1.
4/25/10 - We got all of the contracts signed, filled out the short sale packet, and put together all necessary paperwork.
4/26/10 - We…