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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.


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
61  Tradd St Charleston, SC 29401

61 Tradd St
Charleston, SC 29401
South of broad
residential

MLS# 1306615 / Active
5 br, 3 ba, 4000 sqft

Bank approved short sale. this is a rare opportunity to purchase a handsome and very distinguished 18th century masonry home in the heart of dow... 

$1,533,500
Provided courtesy of Daniel Ravenel Sotheby's International Realty
243  Delahow St Charleston, SC 29492

243 Delahow St
Charleston, SC 29492
Daniel island
residential

MLS# 1312575 / Active
5 br, 4 ba, 1 half bath, 4486 sqft

this is a possible short sale. bank countered back and we are ready to move forward. beautiful brick charleston single style home with 5 large be... 

$975,000
Reduced -$14,000
Provided courtesy of Iron Gate Realty 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... 

$950,000
Reduced -$49,000
Provided courtesy of Carolina One 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... 

$718,200
Reduced -$37,800
Provided courtesy of OSWALD & ASSOCIATES, INC.
1408  Burningtree Rd Charleston, SC 29412

1408 Burningtree Rd
Charleston, SC 29412
Country club ii
residential

MLS# 1027117 / Active
4 br, 3 ba, 1 half bath, 3819 sqft

This is the bank approved price for the 1st and 2nd lien holder. needs to close quickly! relaxing country club living convenient to downtown, sh... 

$704,000
Increase +$14,000
Provided courtesy of AgentOwned Charleston Group
10  Beachside Dr Isle Of Palms, SC 29451

10 Beachside Dr
Isle Of Palms, SC 29451
Beachside
residential

MLS# 1417308 / Active
3 br, 2 ba, 1441 sqft

** short sale just a few steps from the beach ** located in private beachside community centrally located in isle of palms with community pool a... 

$650,000
Provided courtesy of Keller Williams Realty Charleston
422  Pelican Flight Drive Dewees Island, SC 29451

422 Pelican Flight Drive
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
630  Commonwealth Rd Mount Pleasant, SC 29466

630 Commonwealth Rd
Mount Pleasant, SC 29466
Commonwealth
residential

MLS# 1408987 / Active
4 br, 3 ba, 1 half bath, 3400 sqft

Natural landscaping of approx 1.9 acre lot with a large, spacious approx. 3,400sf home. wide expanse of marsh at the rear of the property protec... 

$574,900
Provided courtesy of Brand Name Real Estate
1876  Hall Point Rd Mount Pleasant, SC 29466

1876 Hall Point Rd
Mount Pleasant, SC 29466
Park west
residential

MLS# 1418806 / Active
5 br, 3 ba, 1 half bath, 3215 sqft

Perfect home for your growing or extended family! this is a gently lived in home that has so much to offer. for starters there is a quaint wrap ... 

$492,750
Provided courtesy of Coldwell Banker United, REALTORS
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
3407  Hartnett Blvd Isle Of Palms, SC 29451

3407 Hartnett Blvd
Isle Of Palms, SC 29451
Forest trail
residential

MLS# 1417285 / Active
2 br, 2 ba, 1345 sqft

This 2 bedroom/2 bathroom ranch-style home on isle of palms is so charming! ***interior features*** the living room features a unique bay window... 

$420,000
Provided courtesy of The Boulevard Company, LLC
3095  South Shore Dr Charleston, SC 29407

3095 South Shore Dr
Charleston, SC 29407
Battery haig
residential

MLS# 1411468 / Active
4 br, 3 ba, 1 half bath, 3500 sqft

Great elevated home with awesome views of the stono river and marshland. this is a perfect family home with a flowing floor plan that's ideal fo... 

$399,900
Provided courtesy of ERA Wilder Realty
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, 1 half bath, 3060 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
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... 

$380,000
Provided courtesy of AgentOwned Charleston Group
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
900  Longwood Ln Charleston, SC 29412

900 Longwood Ln
Charleston, SC 29412
Patriots plantation
residential

MLS# 1320377 / Active
3 br, 2 ba, 1 half bath, 2664 sqft

You will find this family style home at the end of a cul-de-sac in one of james island's most sought after subdivisions. only 36 homes which mak... 

$370,000
Increase +$45,000
Provided courtesy of Trademark Properties, Inc
1238  White Tail Path Charleston, SC 29414

1238 White Tail Path
Charleston, SC 29414
Hunt club
residential

MLS# 1402563 / Active
4 br, 2 ba, 1 half bath, 3236 sqft

Location, location, location as you enter the front foyer of the property this leads into the formal living room which flows into the dining roo... 

$350,000
Reduced -$25,000
Provided courtesy of Carolina One Real Estate
228  Austin Creek Ct Summerville, SC 29483

228 Austin Creek Ct
Summerville, SC 29483
Blackberry creek
residential

MLS# 1417726 / Active
6 br, 3 ba, 3514 sqft

Huge, immaculate home that is perfect for the largest of families. gleaming hardwood floors accent this beautiful home. every room is very large... 

$319,900
Provided courtesy of Century 21 Properties Plus
31  Radcliffe St Charleston, SC 29403-6144

31 Radcliffe St
Charleston, SC 29403-6144
Radcliffeborough
residential

MLS# 1418633 / Active
4 br, 1 ba, 1 half bath, 1242 sqft

Brick and masonry townhouse located in the heart of radcliffeborough within walking distance of king street, the college of charleston, musc, an... 

$315,900
Provided courtesy of Bryson Properties-Dick Luke Co., Inc.
276  Country Club Blvd St George, SC 29477

276 Country Club Blvd
St George, SC 29477
St. george country club
residential

MLS# 1412492 / Active
4 br, 3 ba, 1 half bath, 3558 sqft

** short sale ** built in 2005 with nice upgrades situated on a 1 acre lot with no neighbors to the left, right or behind you! located in st. ge... 

$309,000
Reduced -$16,000
Provided courtesy of Keller Williams Realty Charleston

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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