Featured Listings

Johns Island $539,000
Beds: 4 Baths: 3 FullDetails

Summerville $110,000
Beds: 3 Baths: 2 FullDetails

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Charleston $3,499,000
Beds: 4 Baths: 4 FullDetails

Isle Of Palms $2,995,000
Beds: 5 Baths: 5 FullDetails

Foreclosures and Shortsales - Page 2

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.

$795,000 - 108 Blue Crab Ln Wando, Sc 29492 @ Yellow House

MLS#

1305964

Class:

Residential

Status:

Active

Beds:

6

Baths:

5 Full / 1 Half

***LENDER OWNED*** Southern Estate Style home sits well off Clements ferry Road on 3.13 acres with unobstructed views of the Cooper River. Lot Close to Daniel Island Marina, Beresford Hall etc...House sits on a bluff...First level is finished- could be used as separate living space, nanny suite office, game/media room etc. Elevator goes to al...

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$765,000 - 73 Woodford St Charleston, Sc 29492 @ Daniel Island

MLS#

1215738

Class:

Residential

Status:

Active

Beds:

5

Baths:

4 Full / 1 Half

Approved Short Sale Price $765,000! You?ll love this backyard Oasis! Lushly landscaped tropical setting with an in-ground PeppleTec swimming pool, water fountain, Jacuzzi, slate stone patio, step up grilling deck & outdoor fireplace? This exquisite home is nestled in the prestigious country club neighborhood of Daniel Island Park & located on a ...

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$750,000 - 5581 Hyde Park Rd Ravenel, Sc 29470 @ None

MLS#

1224941

Class:

Residential

Status:

Active

Beds:

6

Baths:

5 Full / N/A

19.38 Acres Equestrian Training Center, Ravenel, Charleston Country, SC. The improvements include a 6,834 square foot 21 stall barn, a 1,089 square foot attached apartment, an 80 x 220 riding arena as well as a 2,473 square foot building which includes a 732 square foot garage as well as two apartments located on opposite ends of the building...

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$749,900 - 2100 Fiddler Island Ln Charleston, Sc 29412 @ Battery Island

MLS#

1305944

Class:

Residential

Status:

Active

Beds:

4

Baths:

4 Full / 1 Half

Foreclosure- not a short sale, can close quickly! Private Stono River deep water estate! 25 min to the Ocean, Charleston Harbor, Bird key, Kiawah by boat. Every bedroom has the most spectacular panoramic views! Home has an abundance of windows, high vaulted ceilings, huge back porch and lots of privacy. Home has additional square footage down...

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$749,000 - 24 Fairway Village Ln Isle Of Palms, Sc 29451 @ Wild Dunes

MLS#

1303305

Class:

Residential

Status:

Active

Beds:

4

Baths:

4 Full / 1 Half

Welcome to 24 Fairway Village Lane, located on Wild Dunes on the Isle of Palms. 24 Fairway Village Lane has some water and golf views of the 3rd and 15th Fairways of the Harbor Course. This 3000 SqFt home has over 30 palm trees of various shapes and sizes and glorious sunsets. There is a large covered porch on the first floor and off the livi...

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$740,000 - 3229 Cottonfield Dr Mount Pleasant, Sc 29466 @ Dunes West

MLS#

1306474

Class:

Residential

Status:

Active

Beds:

5

Baths:

4 Full / 1 Half

Spacious home situated on 1.1 acre lot on Toomer Creek. Dock with floater and in ground pool. Large living room with fireplace and 18 foot ceilings. There is a formal dining room and study. Spacious kitchen with breakfast area. Spacious family area off kitchen. Spacious deck off living room and family area. Screen porch off kitchen. Lender ow...

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$699,000 - 4 9th Ave Isle Of Palms, Sc 29451 @ Isle Of Palms

MLS#

1201957

Class:

Residential

Status:

Active

Beds:

4

Baths:

3 Full / N/A

Location, location, location! Wonderful lot with view of the ocean! Less than a block to the beach and comfortably close to the beach front pavillion area. Large corner lot. Home was previously a duplex prior to conversion. The sunroom is heated and cooled through door openings and is included in the sq. ft.

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$695,000 - 422 Pelican Flight Drive Dewees Island, Sc 29451 @ Dewees Island

MLS#

1304490

Class:

Residential

Status:

Active

Beds:

4

Baths:

4 Full / 1 Half

HUGE PRICE REDUCTION. WAS $795,000. NOW $695,000 Prime location with views over Lake Timicau to the Atlantic Ocean as well as over the lake to the Intracoastal. From the Widows Walk , unsurpassed wrap around views of the island are yours to enjoy. Guest suite with full bath connected to the house by a breezeway. Square footage includes the se...

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$569,000 - 10 Battery Park Edisto Beach, Sc 29438 @ Wyndham Ocean Ridge

MLS#

1304743

Class:

Residential

Status:

Active

Beds:

4

Baths:

3 Full / 1 Half

Custom 4 bedroom, 3 bath, coastal home overlooking the #14 green and #15 tee box on the Plantation Golf Course with expansive views of lagoons on the golf course, Big Bay Creek and the marshes beyond. This custom home was built by one of Edisto?s Premier builders for his own residence! Spacious 2700 sq ft home features hardwoodOak floors through...

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$549,000 - 112 Mary Ellen Dr Charleston, Sc 29403 @ Longborough

MLS#

1300447

Class:

Residential

Status:

Active

Beds:

4

Baths:

3 Full / 1 Half

Open floor plan, lots of natural light, gleaming pine floors, all Jenn-Air stainless appliances, granite counter tops in the kitchen and in all three full bathrooms (pedestal sink in downstairs powder room). This house has dual master bedrooms. The first floor master opens to a generously sized screened porch, has double closets, and bathroom...

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