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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.


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showing 1-20 of 237

1120  Old Camp Rd Bonneau, SC 29431
$529,500 - 1120 Old Camp Rd Bonneau, Sc 29431 @ Macedonia
MLS#
BR1310833
Class:
Residential
Status:
Active
Beds:
10
Baths:
6 Full / 2 Half
BANK OWNED, NOT A SHORT SALE- CAN CLOSE QUICKLY! UNBELIEVABLE 10 BEDROOM, 6319 SQ FT HOME LOCATED IN THE HEART OF THE COUNTRY BORDERING THE FRANCIS MARION NATIONAL FORREST, ON 16.59 ACRES. THIS MASSIVE ESTATE IS PERFECT FOR A LARGE FAMILY, A 2ND HOME RETREAT, OR EVEN A HORSE FARM, COMPLETE WITH A 2000 SQFT STORAGE BUILDING THAT COULD BE HORSE...

1755  Central Park Rd Charleston, SC 29412
$139,900 - 1755 Central Park Rd Charleston, Sc 29412 @ Regatta On James Island
MLS#
1306334
Class:
Residential
Status:
Active
Beds:
2
Baths:
2 Full / N/A
** First Floor Unit in Great Condition ** Ready to Move in to Now ** Fantastic Location Just Minutes to Downtown Charleston or Folly Beach ** Nice Resort Style Amenities w/ Onsite Management ** Granite Countertops, Maple Cabinets & Stainless Steel Appliances ** Built-in Desk ** Special Financing Available **

210  Shipwatch Villa Isle Of Palms, SC 29451
$475,000 - 210 Shipwatch Villa Isle Of Palms, Sc 29451 @ Wild Dunes
MLS#
BR1216633
Class:
Residential
Status:
Active
Beds:
2
Baths:
2 Full / N/A
A must see!!! Great ocean views and views of the pool and landscaped grounds. Shipwatch is one of the best managed complexes in Wild Dunes and has an onsite manager. It features two pools (separate adult and kiddie pools) surrounded by travertine tile, a beach gazebo, wi-fi service, manicured lawns, and one of only two playgrounds in the reso...

329  Reagan Drive Summerville, SC 29483
$95,900 - 329 Reagan Drive Summerville, Sc 29483 @ Cedar Springs
MLS#
BR1309205
Class:
Residential
Status:
Active
Beds:
2
Baths:
2 Full / N/A
Minutes from I-26, Boeing, Summerville and Goose Creek shopping. Seller purchased from builder, one owner of this very well maintained single story with 2 bedrooms and 2 full baths and sunroom or use as 3rd bedroom. Spacious master bedroom 12x16 with large walk in closet. Kitchen has large breakfast bar,dining area and pantry. Great room with...

269  Alexandra Dr Mount Pleasant, SC 29464
$125,000 - 269 Alexandra Dr Mount Pleasant, Sc 29464 @ East Bridge Town Lofts
MLS#
BR1308885
Class:
Residential
Status:
Active
Beds:
2
Baths:
2 Full / N/A
Alexandra: This charming upstairs 2 bedroom 2 bath condo has been updated in the last few years with new cabinets and wood flooring in living room. It is in walking distance to Waterfront Park and the Ravenel Bridge. Wood burning fireplace in the living room and extra storage is located on the private patio. This complex has a multitude of am...

201  Briarwood St Walterboro, SC 29488
$32,500 - 201 Briarwood St Walterboro, Sc 29488 @ Sherwood Forest
MLS#
BR1300953
Class:
Residential
Status:
Active
Beds:
2
Baths:
1 Full / N/A
This home is a fixer-upper and is priced to sell. It features 2 bedrooms, 1 bath, Living Room, Kitchen and Separate Dining Room. Both bedroom, living room, dining room have hardwood floors. The front porch and garage has been enclosed for more square footage, central heat and air. If sq. ft. is important please measure.

1003  Basildon Rd Mount Pleasant, SC 29466
$149,900 - 1003 Basildon Rd Mount Pleasant, Sc 29466 @ Park West
MLS#
1309983
Class:
Residential
Status:
Active
Beds:
2
Baths:
2 Full / N/A
** Nice First Floor Unit Freshly Painted Throughout and New Carpet Installed ** Great Location in Park West w/ All the Amenities and Award Winning Schools ** Screened Porch ** Nine Foot Ceilings ** Corian Countertops and Maple Cabinets ** Special Financing Available **

292  Sea Cloud Cir Edisto Island, SC 29438
$139,000 - 292 Sea Cloud Cir Edisto Island, Sc 29438 @ Wyndham Ocean Ridge
MLS#
BR1227639
Class:
Residential
Status:
Active
Beds:
2
Baths:
2 Full / N/A
Lovely 2BR condo on Edisto Island. Spacious living area with a wood burning fireplace. Nice sized kitchen opens to the LR/DR combo. Balcony overlooks the 18th hole of the Plantation Course. Relax and enjoy the gorgeous Charleston weather on the screened porch! This is a great opportunity to live close to the beach and have resort amenities th...

1586  Highway 35 St Stephen, SC 29479
$34,500 - 1586 Highway 35 St Stephen, Sc 29479 @ Russellville
MLS#
BR1310419
Class:
Residential
Status:
Active
Beds:
2
Baths:
1 Full / N/A
Land is fabulous 1 acre with utilities. Home has rotted floors & is not safe to walk in. Can be gutted and use exterior. Great rectangle acre with circular drive. Beautiful trees, no one behind or beside you to build on. Across street you have gorgeous homes on land! (Great Neighbors) No restrictions, quiet community. Septic, city water and u...

5725  Dewsbury Ln North Charleston, SC 29418
$50,000 - 5725 Dewsbury Ln North Charleston, Sc 29418 @ Collins Park Villas
MLS#
BR1202169
Class:
Residential
Status:
Active
Beds:
2
Baths:
2 Full / 1 Half
VALUE, VALUE, VALUE. Check out the competition and see why this home offers such great value. As you access the property the functionality of the floor plan is most compelling. The generous family room opens into a spacious dining room which leads into the kitchen area served by a breakfast bar. The kitchen offers plenty of counter space and ...

711  Temple Rd Ladson, SC 29456
$49,000 - 711 Temple Rd Ladson, Sc 29456 @ Crowfield Village
MLS#
BR1300899
Class:
Residential
Status:
Active
Beds:
2
Baths:
2 Full / N/A
Hurry for this one! All low price condo or townhome gone quickly. This 2 BR 2BA duplex won't last long. Brick exterior built in 1986 need a little tlc. This is a short sale. There is a fireplace in the living room. Very open floor plan. Has huge back yard and faceing wood. Great rental and convenient location. House selling as is and subject ...

7877  Nummie Ct North Charleston, SC 29418
$65,000 - 7877 Nummie Ct North Charleston, Sc 29418 @ Fireside
MLS#
BR1225561
Class:
Residential
Status:
Active
Beds:
2
Baths:
1 Full / 1 Half
This charming townhome in a quiet neighborhood will be perfect for you and your family! This spacious home is a great opportunity for a starter home or investment property. Enjoy the large open living room with a cozy fireplace and wetbar. The spacious kitchen has tons of cabinet and counter space. The convenient laundry room is located off o...

102  Black River Dr Summerville, SC 29485
$85,000 - 102 Black River Dr Summerville, Sc 29485 @ The Lakes Of Summerville
MLS#
BR1312677
Class:
Residential
Status:
Active
Beds:
2
Baths:
2 Full / 1 Half
Potential Short Sale! End unit! Home shows like a model! Dual masters, one upstairs and one down. Both have private bath, ceiling fans and walk in closets. Fireplace in living room. Upgraded stainless appliances in kitchen. Screened in porch on back looks out at pond.

1505  Basildon Rd Mount Pleasant, SC 29464
$160,000 - 1505 Basildon Rd Mount Pleasant, Sc 29464 @ Park West
MLS#
BR1312449
Class:
Residential
Status:
Active
Beds:
2
Baths:
2 Full / N/A
This first floor condo is in great condition with only 1 owner. Kitchen has stainless steel appliances and hardwood flooring throughout kitchen and living area. Tile in the bathrooms and laundry room. Thick baseboards and crown molding abound. Two entrances, one off of screen porch that leads to walking path. This 2 bedroom 2 bath unit has be...

5721  Edison Ave Hanahan, SC 29410
$39,900 - 5721 Edison Ave Hanahan, Sc 29410 @ Charleston Farms
MLS#
1309773
Class:
Residential
Status:
Active
Beds:
2
Baths:
1 Full / N/A
** Solid Old Hanahan Home w/ Great School System and Convenient Location ** Wood Floors ** Nice Yard ** Lots of Potential ** Special Renovation Financing Available **

113  Brush Blvd Goose Creek, SC 29445
$89,000 - 113 Brush Blvd Goose Creek, Sc 29445 @ Foxborough Town Houses
MLS#
BR1311300
Class:
Residential
Status:
Active
Beds:
2
Baths:
1 Full / 1 Half
Nicely maintained two bedroom 1.5 bath town home centrally located in Goose Creek convenient to Rivers Avenue and I26. Home owners has performed some upgrades on the home to include new carpet and freshly painted rooms. Upstairs master bedroom has a sliding glass door that leads to a private balcony. Great investment opportunity or for someon...

5063  Popperdam Creek Dr North Charleston, SC 29418
$45,000 - 5063 Popperdam Creek Dr North Charleston, Sc 29418 @ Forest Hills
MLS#
BR1312569
Class:
Residential
Status:
Active
Beds:
2
Baths:
1 Full / 1 Half
Nice end unit on Popperdam Creek. Marsh view. Home being sold "as-is", and needs some work. See attached instructions and addenda for offers in short sale.

567  Travelers Blvd Summerville, SC 29485
$75,000 - 567 Travelers Blvd Summerville, Sc 29485 @ Brookfield Square
MLS#
BR1306840
Class:
Residential
Status:
Active
Beds:
2
Baths:
2 Full / 1 Half
Be ready to be impressed with this townhome and listed at a great price. Home appears to be in very good condition and requires Low maintenance. This Two Bedroom and Two and a Half Bath home is ready for a new owner. Current owners have updated many features of this home with laminate wood floors, tiled bathrooms and neutral colors throughout...

151  Carolina Dr St Stephen, SC 29479
$50,000 - 151 Carolina Dr St Stephen, Sc 29479 @ St. Stephen
MLS#
1306785
Class:
Residential
Status:
Active
Beds:
2
Baths:
1 Full / N/A
Cute home sitting on just under an acre. Well maintained property featuring both a family room and an eat in kitchen!

288  Reagan Dr Summerville, SC 29483
$89,000 - 288 Reagan Dr Summerville, Sc 29483 @ Cedar Springs
MLS#
BR1300400
Class:
Residential
Status:
Active
Beds:
2
Baths:
2 Full / N/A
SHORT SALE - NEED BUYER WITH PATIENCE! Very little maintenance required for this nice 1-story brickfront modern townhome, centrally located close to I-26, Carnes Crossing and Goose Creek Wal-Mart. Only a 15-minute drive to Boeing/CAFB, and a 10-minute drive to Naval Weapons Station. Two bedrooms, two bathrooms, open plan layout that includes ...

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 2013 Charleston Trident Multiple Listing Service, Inc. All rights reserved.

showing 1-20 of 237

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