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June 2015 Archives

Is buying a short-sale home safe and easy?

There are many homes on the market listed as foreclosures or short sales, so if you've become interested in buying cheaply, you may have started considering these properties. Finding the right one can be hard, but with perseverance, you may have discovered a home that looks like a good deal. Is it, though? There are some common pitfalls you can avoid when you're buying a short sale property that can help you avoid having to pay thousands in renovations later on.

Try a deed in lieu of foreclosure to protect your home

If you're facing foreclosure on your home, you are probably looking for any way to avoid it, so you don't have to give up the place where you've raised a family or been living for many years. Foreclosure is hard on your credit and you'll be forced out of your home if you don't take steps to avoid it. No one wants to see that happen, so one of the things you may consider is a deed in lieu of foreclosure.

Median home prices in Charleston on the rise again

If you're living in or want to invest in a home in Charleston, South Carolina, then you will be pleased to know about the rise in median home prices in the area. For several years, the economy has been poor in the area, causing the prices of homes to drop dramatically. Now, as the economy recovers from the recession, home prices are growing, allowing owners to get a good return on their investments once again.

What should you do when buying a commercial foreclosure?

As a small business, you probably want to make sure you buy a good property for your business' base. A good home or commercial property can give you the space you need to expand, interview employees and entertain clients. One of the ways you can purchase a property is through a foreclosure. This can be a less expensive way to get the property you desire for your business, but you need to know exactly what to look for. You'll need to remember to review the state of the property, titles, taxes and other factors related to the property before you ever decide that you want to make a bid.

Repossessions on the rise in South Carolina

South Carolina residents have been benefitting from a stronger economy and higher home prices, but a report from May 21 has shown a troubling bit of data discussing the fact that foreclosure filings have gone up for April. The article reports that the number of foreclosures in South Carolina is up 2.46 percent from April 2014, which shows homeowners may be struggling.

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