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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.

DISTRESSED 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.

SHORT SALE
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.

6 Properties Found

Newest Short Sale Listings

$380,000 ▼

710 Rutledge Avenue, Charleston

Prime Location! Dowtown Charleston minutes from MUSC, Roper,The Citadel, Hampton Park, shopping, and the beaches. Home needs some work but has a lot to offer. There is a...

Beds4
Baths2
MLS18028655
StatusActive

$250,000 ▼

5886 Ryans Bluff Road, North Charleston

3 bedroom, 3 bathroom, 1 story home. Spacious eat-in kitchen with breakfast bar, walk-in pantry and wet bar. LARGE formal dining room and family room. Open concept fl...

Beds3
Baths3
MLS18027738
SubDv.Covington Hills
StatusActive

$359,000 ▼

164 Palm Cove Way, Mount Pleasant

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...

Beds2
Baths3
MLS18027640
SubDv.Dunes West
StatusActive

$699,000 ▼

7660 Blue House Lane, Edisto Island

The Islands at Blue House - exquisite, ever changing views of wildlife, the creek, marsh,& N. Edisto from your classic lowcountry home nestled in a private, gated communi...

Beds6
Baths3
MLS18025471
SubDv.Blue House Plantation
StatusActive

$465,000 ▼

2465 The Haul Over, Johns Island

Easy to show! Home needs updates, but in a great location in Seabrook Island. Back porch looks over an Egret estuary and has views of the golf course and lake. This is a ...

Beds3
Baths3
MLS18018610
SubDv.Seabrook Island
StatusActive

$550,000 ▼

5804 Palmetto Drive Unit #A-302, Isle Of Palms

Pre-approved short sale! !!!Furnished end unit with great rental history. There is a wrap around private balcony that has views of the pond and courtyard. This condo is ...