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Johns Island $709,990
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Beds: 3 Baths: 2 FullDetails

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Foreclosures and Shortsales - Page 8

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.

$164,900 - 1338 Bob White Dr James Island, Sc 29412 @ Quail Run

MLS#

1305017

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / N/A

THE HOME IS VERY SPACIOUS AND CONDUCIVE TO ENTERTAINING FAMILY AND FRIENDS. GREAT LOCATION IN ESTABLISHED NEIGHBORHOOD! FENCED IN BACK YARD WITH SCREENED IN PATIO FOR MORE ENTERTAINING!APPOINTMENT REQUIRED THROUGH LISTING OFFICE - 48 HOUR NOTICE - TENANTS RIGHTS.

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$170,000 - 300 Brickhope Ln Goose Creek, Sc 29445 @ Brickhope Greens

MLS#

1309410

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / 1 Half

Graceful, open plan with 4 BR, (including huge Bonus Room as 4th Bedroom), brick front and Colonial style gives this home stately curb appeal! Large kitchen with stainless steel appliances and large breakfast area, a formal dining room that provides perfect setting for holiday family dinners and entertaining, the dining and kitchen open up to...

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$180,000 - 4007 Braemar Ct Summerville, Sc 29483 @ The Glen At Summerset

MLS#

1117726

Class:

Residential

Status:

Active

Beds:

4

Baths:

2 Full / 1 Half

APPROVED SHORT SALE AT $180,000. Must see this home! . Please bring your buyers and investors. Large 4 bed 2.5 bath. In nice condition.

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$160,000 - 701 Bunkhouse Dr Charleston, Sc 29414 @ The Shadows

MLS#

1228485

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / N/A

Open floor plan is great for entertaining or family activities. Large eat in kitchen overlooks great room and has a bay window in the breakfast area. Smooth ceilings throughout. Ceramic tile floors in foyer, kitchen, laundry room, and baths. Enjoy the screened porch in your privacy fenced backyard. Sellers say the neighborhood is nice and fri...

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$47,000 - 1480 Brittlebank Rd Walterboro, Sc 29488 @ None

MLS#

1302455

Class:

Residential

Status:

Active

Beds:

4

Baths:

2 Full / N/A

BANK OWNED 1999 DW on a large, .70 acre lot. 4 bedrooms/2 baths, spacious kitchen, family room with fireplace and separate living room. Needs some TLC but priced to move!

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$144,900 - 103 Swift Ct Summerville, Sc 29485 @ Oak Knoll

MLS#

1307776

Class:

Residential

Status:

Active

Beds:

4

Baths:

2 Full / 1 Half

** Large Brick Home w/ Inground Pool & Screened Porch w/ Lots of Potential ** Wood Floors & Real Wood Cabinets ** Formal Dining & Living Rooms Plus Eat-in Kitchen w/ Bay Window and Den w/ Brick Fireplace ** Special Renovation Financing Available **

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$99,800 - 4541 Covington Dr North Charleston, Sc 29418 @ Covington Hills

MLS#

1219143

Class:

Residential

Status:

Active

Beds:

4

Baths:

2 Full / N/A

This is a short-sale being handled by an experienced negotiator and a single mortgage. Contract to close should be about 60 days. Excellent opportunity to negotiate a great deal in popular Covington Hills. Very good floor plan with converted garage as 4th bedroom. Lots of space, and a large back yard.

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$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 **

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$160,000 - 111 Mockernut Dr Ladson, Sc 29456 @ Summerhaven

MLS#

1224012

Class:

Residential

Status:

Active

Beds:

4

Baths:

2 Full / 1 Half

LOCATION, LOCATION.LOCATION This is a great opportunity. Check out the competition and see why this home offers such great value. As you enter the front foyer this leads into the family room with a generous open eat in kitchen. For more formal events guests can dine in the separate dining room. The fenced rear yard offers a very generous open...

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$206,676 - 45 Arabian Dr Charleston, Sc 29407 @ Marsh Cove

MLS#

1302649

Class:

Residential

Status:

Active

Beds:

3

Baths:

2 Full / 1 Half

Very well kept and remodeled town home. Large open Kitchen with stainless steel appliances, walk-in pantry, wood burning fireplace, screened porch and separate deck. Backs up to wooded wetlands. Open loft area on the second floor, large bedrooms with a private deck off the master. Third floor can be used as a bedroom, study, or playroom! Home...

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