Jump to Navigation
We can handle your closing anywhere in the state.
Subscribe to This Blog's Feed

Benefit from the short sale of your home in South Carolina

Imagine struggling with the loss of a job, increasing costs associated with your home and challenges making your mortgage payment. You may think your only option is to seek bankruptcy or to go into foreclosure, but that's not true. In fact, there are alternatives that may be available to you.

If your home's value is not higher than the remaining mortgage you have left, then a sale could still leave you with debt to pay. That could also happen even if your home is worth as much as your loan; you can only sell your home for what a buyer is willing to pay. That's where a short sale can help you. With a short sale, you can sell your home and have ways to reduce and mitigate the deficiency of cost for the property following the sale. Tax issues can be better anticipated, and you won't have to worry about your credit being affected as severely as a foreclosure would in most cases.

South Carolina may have many foreclosures and have struggled through the recession, but with the right planning, you have some options you can try that may allow you to keep your home or to sell your home and limit the amount of debt you're left with. You don't need to accept foreclosure as the only option available to you, since there are plenty of other options you can consider.

To learn more about what you can do if you need to get yourself out of debt and to eliminate your mortgage, our short sale webpage has more information. With the right planning, you can look into all your legal options before deciding on the one that will work best for your situation.

No Comments

Leave a comment
Comment Information
Tell Us About Your Transaction

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Visit Weeks & Irvine at One of Our Six Locations

North Charleston office 8086-B Rivers Avenue
North Charleston, SC 29406
Phone: 843-553-9800
Toll Free: 800-553-7449
Fax: 843-553-9804
Maps and Directions

Mt. Pleasant office
1100 Queensborough Blvd, Suite 102
Mt. Pleasant, SC 29464
Phone: 843-856-9800
Toll Free: 800-553-7449
Fax: 843-216-0930
Map and Directions

Mt. Pleasant North office
3040 Highway 17-A North, Suite B
Mt. Pleasant, SC 29466
Phone: 843-388-3250
Toll Free: 800-553-7449
Map and Directions

West Ashley office
873 Orleans Road, Suite 102 1/2
Charleston, SC 29407
Phone: 843-571-2996
Toll Free: 800-553-7449
Fax: 843-571-2998
Map and Directions

Summerville office
106 West 7th North St
Summerville, SC 29483
Phone: 843-875-7111
Toll Free: 800-553-7449
Fax: 843-875-7721
Map and Directions

Goose Creek office
567 Crowfield Blvd.
Goose Creek, SC 29445
Phone: 843-553-9100
Toll Free: 800-553-7449
Fax 843-553-9183
Map and Directions