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December 2013 Archives

South Carolina group aims to help those facing foreclosure

South Carolina currently ranks fourth on the list of U.S. states with the most home foreclosures. While foreclosure rates have generally been dropping all around the country, they are still a big problem facing many South Carolina families. On the plus side, however, over half of the $295 million that was provided to South Carolina by the federal government in 2010 is still available. The money is specifically intended to help families mitigate foreclosure proceedings. A group known as SC HELP aims to help get that money to qualifying families.

Historically large land deal finalized in South Carolina

MeadWestvaco has been making moves that could heavily impact the future of the Charleston area. In a recent deal that's among South Carolina's largest land transactions ever, a Seattle-based company known as Plum Creek Timber purchased forest lands totaling 501,000 acres for just under $1.1 billion. The land is located in Virginia, West Virginia, Georgia and Alabama, and around 200,000 acres were purchased in South Carolina's Charleston and Dorchester counties. The land was sold for $1,864 per acre.

Short selling a home does not prevent getting a future mortgage

Residents of South Carolina that are facing foreclosure have many difficult decisions to make. Their future may be incredibly uncertain, and it may seem as if getting another mortgage will be impossible. However, homeowners all around the country should consider short sales as an alternative to foreclosure. With a short sale, the dream of owning your own home does not have to come to an end - it's been proven many times that another mortgage can be obtained after the short sale of a home.

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