Featured Listings

Johns Island $709,990
Beds: N/A Baths: N/ADetails

Wando $234,900
Beds: 3 Baths: 2 FullDetails

Newest Listings

Charleston $2,995,000
Beds: 4 Baths: 4 FullDetails

Seabrook Island $4,750,000
Beds: N/A Baths: N/ADetails

Foreclosures and Shortsales - Page 44

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.

$39,900 - 2013 Dalton St North Charleston, Sc 29406 @ Ferndale

MLS#

1026289

Class:

Residential

Status:

Active

Beds:

2

Baths:

1 Full / N/A

 View Listing

---

$37,500 - 2027 Atlas St North Charleston, Sc 29405 @ Happy Hill

MLS#

1300689

Class:

Residential

Status:

Active

Beds:

2

Baths:

1 Full / N/A

BANK OWNED! This 660 SF ft single family home has two bedrooms and one bath with a large fenced-in backyard. *****ATTENTION INVESTORS!!*** There are 19 total properties for sale that can be sold individually or as a package deal. Call or email for a list.

 View Listing

---

$36,000 - 957 Raysor St St George, Sc 29477 @ None

MLS#

1312040

Class:

Residential

Status:

Active

Beds:

3

Baths:

1 Full / N/A

Make an offer! REO PROPERTY - BANK OWNED. PROPERTY SOLD "AS IS" WITHOUT REPAIR, WARRANTY OR SELLER DISCLOSURE. The Listing Broker and Seller assume no responsibility and make no guarantees, warranties or representations as to the availability or accuracy of the property information, photographs, or other information depicted or described herein.

 View Listing

---

$34,900 - 1913 English St North Charleston, Sc 29405 @ Chicora Place

MLS#

1300701

Class:

Residential

Status:

Active

Beds:

3

Baths:

1 Full / N/A

BANK OWNED! GREAT INVESTMENT OPPORTUNITY PRESENTLY RENTED FOR $650 PER MONTH. This 1050 sf home has 3 bedroom, 1 bath. It's close to I-26 and minutes from downtown. This home has a huge backyard that is fenced-in. *****ATTENTION INVESTORS!!*** There are 19 total properties for sale that can be sold individually or as a package deal. Call or e...

 View Listing

---

$34,900 - 1909 English St North Charleston, Sc 29405 @ Chicora Place

MLS#

1300705

Class:

Residential

Status:

Active

Beds:

3

Baths:

1 Full / N/A

BANK OWNED! GREAT INVESTMENT OPPORTUNITY. This is a nice 3 bedroom, 1 bath house. Has wheelchair access. Minutes to everywhere! *****ATTENTION INVESTORS!!*** There are 19 total properties for sale that can be sold individually or as a package deal. Call or email for a list.

 View Listing

---

$34,900 - 5109 Willis Dr North Charleston, Sc 29406 @ Russelldale

MLS#

1300685

Class:

Residential

Status:

Active

Beds:

2

Baths:

1 Full / N/A

BANK OWNED! Attention investors! GREAT INVESTMENT OPPORTUNITY CURRENTLY RENTED. 839 SF, two bedroom, one bath, ranch with wood floors throughout house. Living room, separate dining room, efficient kitchen with laundry area inside. Would be a great first home or great for an investor. Good access, close to I-526 located behind the new Nason Me...

 View Listing

---

$34,500 - 1586 Highway 35 St Stephen, Sc 29479 @ Russellville

MLS#

1310419

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...

 View Listing

---

$32,500 - 201 Briarwood St Walterboro, Sc 29488 @ Sherwood Forest

MLS#

1300953

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.

 View Listing

---

$25,000 - 2237 Dover St North Charleston, Sc 29405 @ Accabee

MLS#

1306483

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / N/A

Great opportunity for investor. If schools are important, please verify to your satisfaction.

 View Listing

---