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Foreclosures and Shortsales

The Housing Vice Charleston Homes in Foreclosure and Shortsale Status

Foreclosures and Short Sales in the Charleston Area

SC Property Pros are fully equipped and ready to help you with finding a foreclosure or short sale in the greater Charleston Area.  Call us and ask about receiving Your FREE list of Short Sales and Foreclosures in the Lowcountry!!  843-296-5006

How Do Foreclosures Work?

In today's real estate market, home buyers who are hunting a good deal in real estate almost always think about pursuing foreclosures first. These buyers have a mental picture of a quaint little house, with the quintessential "white picket fence" that is currently owned by a widow or widower who recently fell on hard times. Unfortunately that scenario is in general quite far from reality. When you purchase a foreclosed home, you're cashing in on a property which someone was no longer able to pay for. Foreclosures are anything but easy- they are difficult both to locate and to execute the transactions in a timely manner. Nevertheless, the potential to turn a foreclosure over for a hefty profit may still be there-you just have to either know what you are doing or work with someone who does.   Let's look a little deeper at a Foreclosure-the reality version:

Why Do Sellers Go Into Foreclosure?

Sellers go into foreclosure when they stop making payments for any number of reasons. News Flash-Very few actually choose to go into foreclosure voluntarily. With that said, it's often an unpredictable result from one or more of the following snowballing affects:

  • Arguments which can't be resolved with co-owner, ie. divorce
  • Some member of household's job is transferred to another state
  • Owner of Property gets Laid-off, fired or just quits their job
  • Accident causing inability to work or medical conditions
  • Mountains of debt and further mounting bill obligations

Some Helpful Foreclosure Tips to Chew On

As I said before, foreclosures are never easy. Here are a few things to keep in mind:

There will inevitably be more paperwork involved than any other type of conventional real estate deal, especially if the government is involved.

If the seller will allow you to have the property inspected, do so as soon as time permits. Some sellers may actually include this as a part of the sales agreement, but in the end, the buyer still pays for it.

Always check to see if there are any existing liens on the property because if there are-Guess What?-you are buying those too.  At times, there will be liens due to unpaid property taxes.  Make sure you get in writing who will be liable for those debts.

Is the foreclosure in a desirable or less than desirable neighborhood? Have us run you some comparables in the area and check whether or not the property purchase is in fact a good deal.

What kind of shape is the property in? Keep in mind that some foreclosures,unlike so called "fixer-uppers"can be found in fairly descent shape. Others however may be behind in maintenance. Remember just because a person finds themselves unable to pay a mortgage, doesn't always mean that they are neglectful.


90  Ashley Avenue Charleston, SC 29401

90 Ashley Avenue
Charleston, SC 29401
Harleston village
Residential

MLS# 14027976 / Active
6 br, 3 ba, 1 half bath, 5245 sqft

This historic charleston home was built in 1838 and sits on nearly 1/3 acres of meticulously manicured gardens and grounds. the front was rebuilt i... 

$1,800,000
Reduced -$100,000
Provided courtesy of Re/Max Elite LLC
1655  Atlantic Avenue Sullivans Island, SC 29482

1655 Atlantic Avenue
Sullivans Island, SC 29482
Sullivans island
Residential

MLS# 15007953 / Active
5 br, 3 ba, 3 half bath, 5708 sqft

Amazing opportunity for an oceanfront home on sullivan's island! this one of a kind home sits on a half acre lot that is just steps to the beach. i... 

$1,599,900
Reduced -$100,000
Provided courtesy of Gibbs Realty & Auction Co, Inc
224  King George Street Charleston, SC 29492

224 King George Street
Charleston, SC 29492
Daniel island park
Residential

MLS# 15001968 / Active
5 br, 3 ba, 1 half bath, 4417 sqft

-located in daniel island park on a peaceful tree-lined street sits this beautiful home offering an interior with exquisite designer appointments, ... 

$994,900
Provided courtesy of Daniel Island Real Estate Co Inc
2262  Jasper Boulevard Sullivans Island, SC 29482

2262 Jasper Boulevard
Sullivans Island, SC 29482
Sullivans island
Residential

MLS# 15005700 / Active
3 br, 2 ba, 1855 sqft

Just shy of a half acre, this is the quintessential sullivan's home you've always dreamed of or a charming guest cottage/rental property should you... 

$919,000
Reduced -$31,000
Provided courtesy of Hayden Jennings Properties
73  Woodford Street Charleston, SC 29492

73 Woodford Street
Charleston, SC 29492
Daniel island
Residential

MLS# 15010450 / Active
5 br, 4 ba, 1 half bath, 3050 sqft

You will love this backyard oasis! lushly landscaped tropical setting with an in-ground peppletec swimming pool, water fountain, jacuzzi, slate sto... 

$875,000
Provided courtesy of Charleston Metro Homes, LLC.
3062  Pignatelli Crescent Mount Pleasant, SC 29466

3062 Pignatelli Crescent
Mount Pleasant, SC 29466
Dunes west
Residential

MLS# 15003961 / Active
4 br, 3 ba, 4083 sqft

Waterfront property! just in time for the spring and summer! act now to purchase this fantastic property in dunes west! the home features an open f... 

$799,000
Reduced -$30,900
Provided courtesy of Biggers Real Estate, Inc.
90  Ashley Avenue Charleston, SC 29401

90 Ashley Avenue
Charleston, SC 29401
Harleston village
Residential

MLS# 15004763 / Active
2 br, 1 ba, 1817 sqft

This historic charleston home was built in 1838. the front of this home was rebuilt in 1886, making this one of the more unique blends of architect... 

$775,000
Provided courtesy of Re/Max Elite LLC
212  Royal Assembly Drive Charleston, SC 29492

212 Royal Assembly Drive
Charleston, SC 29492
Beresford hall
Residential

MLS# 1411570 / Active
5 br, 5 ba, 1 half bath, 4246 sqft

Back on the market with an approved short sale price! southern elegance at its finest! this gorgeous 5 bedroom 5.1 bath home is ready for a new fam... 

$765,000
Provided courtesy of Charleston Homes
6451  Come About Way Awendaw, SC 29429

6451 Come About Way
Awendaw, SC 29429
Romain retreat
Residential

MLS# 15009381 / Active
4 br, 3 ba, 2726 sqft

Its all about the views for this home in romain retreat! walking up the wide front steps to the gracious front porch of this contemporary style hom... 

$756,200
Provided courtesy of Carrington Real Estate Services (US) LLC
117-A  Village At Wild Dunes Isle Of Palms, SC 29451

117-A Village At Wild Dunes
Isle Of Palms, SC 29451
Wild dunes resort
Residential

MLS# 15009386 / Active
3 br, 3 ba, 1359 sqft

Spectacular first floor corner 3 bedroom condo in the village at wild dunes. lock off room identified as a-115. this unit can be rented or used as ... 

$724,000
Provided courtesy of Wild Dunes Real Estate, LLC
14  Ocean Green Drive Kiawah Island, SC 29455

14 Ocean Green Drive
Kiawah Island, SC 29455
Kiawah island
Residential

MLS# 15004622 / Active
3 br, 4 ba, 2074 sqft

Great buy on beautifully designed bennett and hofford golf cottage on 13th fairway of turtle point golf course. classic beach lifestyle here. one... 

$599,500
Reduced -$50,000
Provided courtesy of Carolina One Real Estate
719  Windward Road Charleston, SC 29412

719 Windward Road
Charleston, SC 29412
Lighthouse point
Residential

MLS# 15001377 / Active
5 br, 4 ba, 4430 sqft

Epic pricing **gorgeous waterfront home in a hot zip code in our mls. search for homes are below 576k on james island & you will see how awesome th... 

$575,000
Reduced -$84,900
Provided courtesy of Fred Holland Realty
3814  Waldon Road Ravenel, SC 29470

3814 Waldon Road
Ravenel, SC 29470
Rantowles shores
Residential

MLS# 15002189 / Active
3 br, 3 ba, 2291 sqft

Welcome to the perfect home on rantowle's creek (13' @ low tide) w/dock & floater. bring your crab pots & shrimp net to enjoy the creeks bounty! ju... 

$549,500
Reduced -$35,500
Provided courtesy of Carolina One Real Estate
1616  River Road Johns Island, SC 29455

1616 River Road
Johns Island, SC 29455
Fenwick hall
Residential

MLS# 1420743 / Active
3 br, 2 ba, 1 half bath, 3953 sqft

Great property! convenient location. just minutes off river and maybank open bright home w screen porch overlooking acreage & pond. rooms large. ... 

$485,000
Reduced -$15,000
Provided courtesy of Mary Ann Meyers Charleston Realty Inc.
2872  Colonnade Drive Mount Pleasant, SC 29466

2872 Colonnade Drive
Mount Pleasant, SC 29466
Brickyard plantation
Residential

MLS# 15009178 / Active
4 br, 2 ba, 1 half bath, 2508 sqft

Short sale - pre approved list price by lender - fabulous opportunity in mt pleasant - 4 bed 2.5 bath home in the colonnade section of brickyard pl... 

$439,950
Provided courtesy of Re/Max Historic
1483  Burningtree Road Charleston, SC 29412

1483 Burningtree Road
Charleston, SC 29412
Country club ii
Residential

MLS# 15007998 / Active
4 br, 3 ba, 3390 sqft

Lender-owned opportunity in wonderful country club ii subdivision on james island. extremely convenient location to town or to the beaches. this ... 

$439,900
Reduced -$39,700
Provided courtesy of Carolina One Real Estate
3605  Yacht Club Road Edisto Island, SC 29438

3605 Yacht Club Road
Edisto Island, SC 29438
2nd row
Residential

MLS# 15010767 / Active
3 br, 2 ba, 1409 sqft

This traditional edisto townhouse style duplex was redecorated and refurbished in the winter of 2014. enjoy being right across the street from the ... 

$420,000
Provided courtesy of Atwood Vacations
8170  Natty Road Edisto Island, SC 29438

8170 Natty Road
Edisto Island, SC 29438
Edisto island
Residential

MLS# 14028402 / Active
3 br, 3 ba, 3134 sqft

Location, location, location this is a great opportunity for a private home buyer or investor to buy into edisto island which is located in the sou... 

$400,000
Provided courtesy of Carolina One Real Estate
134  Jungle Road Edisto Beach, SC 29438

134 Jungle Road
Edisto Beach, SC 29438
Residential

MLS# 14027345 / Active
4 br, 1 ba, 1 half bath, 1440 sqft

Don't miss this opportunity to own a potential business or home on edisto beach with a short walk to the ocean. this charming home has been zoned ... 

$379,000
Reduced -$20,000
Provided courtesy of Carolina One Real Estate Edisto
2458  Audette Avenue Johns Island, SC 29455

2458 Audette Avenue
Johns Island, SC 29455
Oak reserve
Residential

MLS# 1328086 / Active
3 br, 2 ba, 1 half bath, 2100 sqft

Beautiful traditional home on almost 6 acres with feel of country seclusion yet within minutes of kiawah island beach and the fabulous shopping ... 

$375,000
Reduced -$80,000
Provided courtesy of ChuckTown Homes, LLC
2273  Redfern Lane Mount Pleasant, SC 29466

2273 Redfern Lane
Mount Pleasant, SC 29466
Planters pointe
Residential

MLS# 1412060 / Active
4 br, 2 ba, 1 half bath, 2570 sqft

Perfect family home located in sought after planters pointe! 4 bedroom 2.5 bath home with eat-in kitchen, open to the family room. this home offers... 

$369,500
Reduced -$8,500
Provided courtesy of Carolina Elite Real Estate

Broker Reciprocity 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 estate listings held by brokerage firms other than Remax Advanced Realty are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 04-26-2015 4:03pm est.

The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Copyright 2015 Charleston Trident Multiple Listing Service, Inc. All rights reserved.

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