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July 2013 Archives

Is there really a stigma against short sales?

It's perfectly understandable how real estate investors, homeowners and even prospective homeowners might be slightly hesitant to read the latest news reports discussing the real estate market. After all, the 2008 recession ushered in several years of record foreclosures and plunging property values.

South Carolina still among highest in nation in foreclosures

Despite decreasing foreclosure rates in South Carolina, the state remains among the top in the nation in foreclosures, reports RealtyTrac, an online real estate data website. The midyear report showed that statewide foreclosures decreased 13 percent over 2012, and 16 percent over the last six months of that same year.

Short sale volume may remain high in 2013

As we have covered on this blog, short sales have become a popular alternative foreclosure over the last year or so. Distressed homeowners found a short sale to be much less damaging to their credit score, and potential buyers saw a great opportunity. As the housing market stabilizes in Charleston and elsewhere, many people might assume that the opportunity to pursue a short sale has passed. However, some observers believe that 2013 will still offer chances to move forward with this kind of real estate transaction.

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Summerville, SC 29483
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