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October 2016 Archives

Foreclosures versus short sales: The benefit of a short sale

There are several reasons that you should choose a short sale over a foreclosure. Whether or not you're in a foreclosure, if selling your home's not going to pay enough to cover your mortgage, you might want to think about a short sale instead. Short sales have some benefits over foreclosures, like not having the foreclosure on your credit report, having no mortgage payments to make in the future and not having to cover any of the remaining mortgage after the sale is approved in most cases. If your credit report doesn't reflect the 60-plus day late payment, then you should be able to buy another house immediately.

What is a contingency?

Before you purchase a home, there are a number of contingencies to consider. When you're considering a purchase, you can have these contingencies written into your purchase agreement or may find the seller had them included. For instance, one contingency may state a particular amount of time that must pass between you signing the contract and the closing of the deal. With that period, you'll have time to satisfy any other contingencies the seller makes, and the seller has time to satisfy any conditions you've requested. If the contingencies aren't met, the sale can be canceled.

Foreclosures down in South Carolina in August

When you're living in an area, you can tell how the local economy is doing by the number of foreclosures taking place. Good news for South Carolina is that the state is improving. That doesn't mean foreclosures don't happen, and those who struggle should consider bankruptcy options or having debt relief discussions with their attorneys.

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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
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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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