Charleston South Carolina Short-Sale Property List...
The interest in Distressed Property has become more common because of the early 2000's mortgage crisis. Terms like; REO Bank Owned, Foreclosure, Short Sale, (Foreclosure) Auction, that once only real estate agents, bankers, and attorneys knew, are now every day conversation with average homeowners. However, there is still a lot of confusion or simple misuse of these words when discussing the various stages of distressed property. All of these terms refer to the involvement of a bank in the possession or sale of real estate property.
The most common definition; "Property that is under a foreclosure order or is advertised for sale by its mortgagee". Generally it is used to refer to a property that is or was financially "under water," meaning the homeowner owes more on the mortgage than the property is worth.
Defined as "The sale of real estate that generates proceeds that are less than the amount owed on the property". When a borrower and lender mutually decide and agree that selling a property at a loss is preferable to having the borrower default on the loan and go through foreclosure. Generally these sales take much longer to complete, 60-180 days or more, and many do not ultimately get bank approval. "Pre-Approved" Short Sales have a much better chance of success, as the lender has (pre)approved a Short Sale and also pre-approved the price. This leaves less room for negotiation, but save time and is likely a good value that will go through.
Because our website represents “Real Estate for Sale", and Auction Property is not yet available for sale (until auction) we cannot publish these lists. Also these lists change almost daily. If you would like a current auction list for Charleston, Dorchester, or Berkley counties please Click Here and we will provide you with the information and some free advice. Periodically, we host free local "Buying Auction Property" sessions. If you would like to attend our next "Buying Auction Property" meeting please Contact Us regarding these events.
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5 Properties Found
Newest Short Sale Listings
Own a home in Quail Run in James Island! Lots of potential in this 3 bedroom home with separate dining, kitchen and family room. New roof 2015. This home sits on a .30 ...
- SubDv.Quail Run
***Pre-Approved Short Sale***Price is reflective of immediate need for roof repair and confirmed electrical, plumbing and HVAC needs. Property will be SOLD AS IS. Cash ...
- SubDv.North Charleston
** Luxurious home designed for indoor/outdoor entertainment on prime lot in dunes west. ** Water views of wagner creek from nearly every room with deep water access.*** w...
- SubDv.Dunes West
This exquisitely upgraded townhome, located in the exclusive Dunes West gated community has MARSH VIEWS from nearly every window making it a private slice of lowcountry p...
- SubDv.Dunes West
This is a Short Sale, subject to 3rd party approval and being sold ''As Is''. Home is no longer staged; however, it is a beautiful townhome tucked into a serene Lowcount...
- SubDv.Charleston National
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