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Short Sales Archives

A Federal Housing Administration loan works for short sales

As a first-time homeowner, you may be interested in purchasing a short sale. You know that buying a short sale means you could get a good deal, and you have time to wait to make that happen. One thing you might want to do is to get a prequalification letter from the Federal Housing Administration (FHA).

National drop in short sales a good sign for the economy

Short sales are a wonderful way for people to get out from under the debt of a mortgage without having to worry about the depreciating value of their homes. Short sales give them the ability to sell the home for less than it's worth and to avoid paying the difference.

Alternatives to foreclosure give you other options

If you are falling behind on your mortgage payments and think the only solution is foreclosure, you may not be correct. There are actually many alternatives to foreclosure you can try before you lose your home in that manner. While foreclosure might be a good option for some situations, if you would like to keep your home or try to prevent a foreclosure from hitting your credit score, there are some alternatives to consider.

Short sales are not always the best choice for buyers

A short sale can save you a lot of trouble if you're behind on your mortgage and need to make a sale, but as a buyer, a short sale has the potential to cause you trouble. Short-sale buyers might get a good deal, but in reality, most don't. It's typical for a short-sale property to actually be less valuable than another home on the market, primarily because the mortgage holder will want to see the home purchased for current market rates. That leaves little room for profit if the buyer wants to sell the home later.

Why would you choose a short sale over foreclosure?

You may not want to go through a foreclosure or a short sale, but if it's necessary to do so, there are some things that can help you get through the process without it devastating your life. Fortunately, short sales don't have to be as damaging as foreclosures, so they're a better option for many people.

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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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