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April 2013 Archives

Details are critical in successful short sale transactions

When South Carolina homeowners are dealing with an underwater mortgage and mounting debt, they probably have some very important decisions ahead of them. Failing to make house payments can eventually cause lenders to begin the foreclosure process, which is both emotionally and financially damaging.

Observers believe insurance codes holding real estate sales back

Under current South Carolina law, property insurance companies can bypass state regulators when they want to hike rates. This legal exception recently became the subject of scrutiny from real estate professionals in our state, since they believe that high rates are limiting opportunities for growth and real estate transactions.

North Charleston mulls ordinance for unkempt commercial property

The North Charleston City Council will soon be weighing in on a proposal that could have major implications for those looking to sell or buy commercial property within city limits. Recently, local real estate professionals raised concerns about the proposed ordinance, which led city officials to spend more time considering the issue before putting it to a final vote.

Progress made in saving homeowners from foreclosure

One of the biggest impacts of the most recent financial crisis was on the real estate market. Even though prospects for many distressed homeowners in South Carolina have increased significantly over the last several months, the recession's effect on home mortgages and foreclosure will still be seen for quite some time.

Pushing forward with a residential short sale

When a home is up for a short sale, both parties involved with the transaction are likely to want the process to move forward at a reasonable pace. Sellers in short sales are usually motivated by the desire to find relief from the burden of an underwater mortgage and buyers are often excited by the idea of owning a home. Anyone in Charleston who has gone through the process knows that efficiently completing a short sale is likely in the interests of all parties involved.

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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
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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
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Mt. Pleasant North office
3040 Highway 17-A North, Suite B
Mt. Pleasant, SC 29466
Phone: 843-388-3250
Toll Free: 800-553-7449
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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
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Summerville office
106 West 7th North St
Summerville, SC 29483
Phone: 843-875-7111
Toll Free: 800-553-7449
Fax: 843-875-7721
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Goose Creek office
567 Crowfield Blvd.
Goose Creek, SC 29445
Phone: 843-553-9100
Toll Free: 800-553-7449
Fax 843-553-9183
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