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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.


1655  Atlantic Ave Sullivans Island, SC 29482

1655 Atlantic Ave
Sullivans Island, SC 29482
Sullivans island
residential

MLS# 1419831 / Active
5 br, 3 ba, 3 half bath, 5844 sqft

Exceptional opportunity for ocean front on sullivans island. this lot abuts the maritime forest near fort moultrie area. vistas of the ocean fro... 

$2,050,000
Reduced -$150,000
Provided courtesy of Carolina One Real Estate
89  Beaufain St Charleston, SC 29401

89 Beaufain St
Charleston, SC 29401
Harleston village
residential

MLS# 1127276 / Active
5 br, 5 ba, 2 half bath, 6222 sqft

Two houses--the william steel house, circa 1815 and guest house built in 2005. neo-classical main house has been totally renovated and is classi... 

$1,995,000
Provided courtesy of Carriage Properties LLC
4  Sumter Dr Folly Beach, SC 29439

4 Sumter Dr
Folly Beach, SC 29439
East folly beach shores
residential

MLS# 1330588 / Active
4 br, 3 ba, 2 half bath, 2454 sqft

Beachfront, bank owned home on folly beach. this three story property features beautiful, panoramic ocean/river views from every side. the first... 

$899,000
Reduced -$25,000
Provided courtesy of Carolina One Real Estate
915 West Ashley Ave Folly Beach, SC 29439

915 West Ashley Ave
Folly Beach, SC 29439
Folly beach
residential

MLS# 1421697 / Active
6 br, 3 ba, 2160 sqft

*** reduced price and very rare opportunity *** filled with rich history, this ridiculous opportunity to own an oceanfront home in a ridiculous hot... 

$859,900
Reduced -$15,100
Provided courtesy of Fred Holland Realty
2351  Palmer Creek Bend Charleston, SC 29412

2351 Palmer Creek Bend
Charleston, SC 29412
Oak island
residential

MLS# 1405450 / Active
3 br, 3 ba, 1 half bath, 2994 sqft

Waterfront living at its finest! absolutely stunning deep water home, built on a double lot with sweeping views of the wide creek and onto folly... 

$799,999
Reduced -$30,001
Provided courtesy of Brand Name Real Estate
212  Royal Assembly Dr Charleston, SC 29492-8217

212 Royal Assembly Dr
Charleston, SC 29492-8217
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 ... 

$765,000
Reduced -$5,000
Provided courtesy of Omni Carolina Real Estate
3101  Baywood Dr Seabrook Island, SC 29455

3101 Baywood Dr
Seabrook Island, SC 29455
Seabrook island
residential

MLS# 1405372 / Active
4 br, 4 ba, 3962 sqft

Great opportunity at seabrook island sc. located just minutes from charleston, this home is priced to move. this luxury home is located on the 1... 

$749,200
Provided courtesy of OSWALD & ASSOCIATES, INC.
220  King George St Charleston, SC 29492

220 King George St
Charleston, SC 29492
Daniel island
residential

MLS# 1419834 / Active
4 br, 4 ba, 1 half bath, 3280 sqft

Enjoy the luxury of living in wonderful daniel island parks at 220 king george. this incredible home features 4 bedrooms and 4.5 bathrooms in th... 

$700,673
Reduced -$36,877
Provided courtesy of Carolina Elite Real Estate
28  Fairway Oaks Ln Isle Of Palms, SC 29451-3835

28 Fairway Oaks Ln
Isle Of Palms, SC 29451-3835
Wild dunes
residential

MLS# 1308233 / Active
5 br, 4 ba, 4108 sqft

This home is a potential short sale. this home has tremendous potential as a primary residence, or rental property. 4100 sq ft 5 bedroom, 4 bath... 

$700,000
Increase +$85,000
Provided courtesy of Carolina One Real Estate
719  Windward Rd Charleston, SC 29412

719 Windward Rd
Charleston, SC 29412
Lighthouse point
residential

MLS# 1419445 / Active
5 br, 4 ba, 4430 sqft

This fantastic james island home has it all! generous living area, elevated construction with drive under garage, in ground pool, and private ba... 

$675,000
Provided courtesy of Carolina One Real Estate
422  Pelican Flight Dr Dewees Island, SC 29451

422 Pelican Flight Dr
Dewees Island, SC 29451
Dewees island
residential

MLS# 1304490 / Active
4 br, 4 ba, 1 half bath, 3055 sqft

Opportunity ! opportunity !!!! huge price reduction. was $795,000.now $595,000 prime location with views over lake timicau to the atlantic ocean... 

$595,000
Provided courtesy of Carolina One Real Estate
4180  Legacy Ln Meggett, SC 29449-6018

4180 Legacy Ln
Meggett, SC 29449-6018
Meggett
residential

MLS# 1419843 / Active
3 br, 3 ba, 2251 sqft

Deep water .. private dock .. large lot .. architectural roof .. full front porch .. 2-stry vaulted great rm w/wet bar, built-ins, & fireplace .... 

$515,000
Reduced -$44,000
Provided courtesy of Carolina One Real Estate
121  Moultrie St Charleston, SC 29403

121 Moultrie St
Charleston, SC 29403
Hampton park terrace
residential

MLS# 1424530 / Active
5 br, 4 ba, 1 half bath, 3957 sqft

This home has it all! this huge all brick home boasts a stunning kitchen with island, custom cabinets, granite counters, stainless steel applian... 

$477,000
Provided courtesy of Realhome Services & Solutions
3125  Grass Marsh Dr Mount Pleasant, SC 29466

3125 Grass Marsh Dr
Mount Pleasant, SC 29466
Dunes west
residential

MLS# 1209342 / Active
4 br, 3 ba, 1 half bath, 2991 sqft

Popular open floor plan with a large kitchen and great room. formal dining and living room. screen porch opens to an expansive deck overlooking ... 

$465,000
Increase +$20,000
Provided courtesy of AgentOwned Preferred Group
3334  Porchview Place Johns Island, SC 29455

3334 Porchview Place
Johns Island, SC 29455
The villages in st johns woods
residential

MLS# 1309536 / Active
4 br, 2 ba, 1 half bath, 2503 sqft

Beautiful home in the villages in st johns woods located on one of the larger lots on the horseshoe across from the 3/4 acre park with gazebo. h... 

$439,000
Increase +$60,000
Provided courtesy of Keller Williams Realty Charleston West Ashley
833  Captain Toms Crossing Johns Island, SC 29455-3452

833 Captain Toms Crossing
Johns Island, SC 29455-3452
Grimball gates
residential

MLS# 1416544 / Active
4 br, 3 ba, 2986 sqft

Possible short sale in grimball gates that needs a little tlc. everything from a grand entrance with a fountain in the front yard to koi fish po... 

$390,000
Provided courtesy of Keller Williams Realty Charleston
1116  Quick Rabbit Loop Charleston, SC 29414

1116 Quick Rabbit Loop
Charleston, SC 29414
Hunt club
residential

MLS# 1403661 / Active
4 br, 2 ba, 1 half bath, 2750 sqft

This is a short sale. beautiful home open floor plan, formal dining room, solid countertops, stainless appliances. screen porch. hardwood floors... 

$385,000
Increase +$85,000
Provided courtesy of Re/Max Advanced Realty
2273  Redfern Ln Mount Pleasant, SC 29466

2273 Redfern Ln
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 off... 

$378,000
Provided courtesy of Carolina Elite Real Estate
1000  Albatross Ln Mount Pleasant, SC 29466

1000 Albatross Ln
Mount Pleasant, SC 29466
Planters pointe
residential

MLS# 1423809 / Active
3 br, 2 ba, 1 half bath, 2665 sqft

This beautiful 2-story home has it all! this spacious home has a great floorplan and includes features such as hardwood floors throughout, nice ... 

$374,180
Provided courtesy of Realhome Services & Solutions
5208  Oak Cove Ln Hollywood, SC 29449-5870

5208 Oak Cove Ln
Hollywood, SC 29449-5870
Stono ferry
residential

MLS# 1418092 / Active
3 br, 3 ba, 2574 sqft

Fantastic one story home in the prestigious stono ferry community. custom features throughout. large master bedroom suite, nicely appointed kitc... 

$360,000
Reduced -$10,000
Provided courtesy of AgentOwned Charleston Group
4408  Stoney Poynt Ct North Charleston, SC 29405

4408 Stoney Poynt Ct
North Charleston, SC 29405
Plantation isle
residential

MLS# 1310783 / Active
4 br, 2 ba, 1 half bath, 2716 sqft

Beautiful elevated home in gated waterfront community in need of tlc! located in cul-de-sac with attached 3 car garage and tons of storage space... 

$350,000
Reduced -$49,900
Provided courtesy of Harbins Two, Inc

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.

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 2014 Charleston Trident Multiple Listing Service, Inc. All rights reserved.

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