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September 2016 Archives

Charleston-area real estate booming with high demand

The short supply of real estate in any area can help boost incomes by increasing the value of homes and businesses. For landlords, this means they have better rent coming in because of higher home values. Short supply means more people are looking for rentals, and the few that exist have the ability to be rented for more than they could have in the past.

What do you do to prove you need a short sale?

If you want to sell your home in a short sale, then you will need to prove to the mortgage company that you are no longer able to make payments because of hardship. The hardship you face should be documented; if that means you lost your job, have proof of your termination, and you should also show financial proof of being unable to continue paying. With your attorney, this information is gathered and submitted to the lender.

Short sales: When it's time to get out of a mortgage under water

Short sales make it possible to get out of the burden of a mortgage that costs more to you than your home is worth. For example, if you purchased a home for $100,000 and have it appraised five years later to find it's only worth $50,000, then you would want to consider a short sale to get out of the mortgage. Why? The home itself is no longer worth what the mortgage payments would cost, so it leaves you paying into a home that you won't ever see a profit from.

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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
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
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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
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