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.
No Copy ~ Copyright© All Rights Reserved
15 Properties Found
Newest Short Sale Listings
Located in desirable Dunes West, you will be close to schools, shopping, restaurants, and just a quick drive to Downtown Charleston and the gorgeous IOP and Sullivans Isl...
- SubDv.Dunes West
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...
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...
- SubDv.Covington Hills
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
Home priced below market value! BRING ALL REASONABLE AND SERIOUS OFFERS! A must see to appreciate. Home loaded with options i.e. walk-in closets, fireplaces, ceiling fa...
- SubDv.Hamlin Beach
When you walk in the front door you will immediately notice the 12 foot smooth ceilings throughout the main living areas. This four bedroom three and a half bath one stor...
- SubDv.Grand Oaks Plantation
Adorable townhouse home in beautiful Mount Pleasant, just seconds from Shem Creek! Enjoy privacy and peace while still close to shopping, dining and entertainment. As you...
- SubDv.Marsh Point
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...
- SubDv.Blue House Plantation
Easy to show home in popular Village Creek. Large kitchen, separate dining room, screened porch, fenced back yard. First floor just painted. Private back yard has a tree ...
- SubDv.Village Green
This is a Short Sale, subject to 3rd party approval and being sold ''As Is''. However it is a beautiful, townhome tucked into a serene Lowcountry setting in a sought-afte...
- SubDv.Charleston National
Great location for thisl 4 bedroom, 3 full bath home featuring hardwood floors, granite countertops, and is located on a corner lot with a large fenced in backyard. Upon ...
- SubDv.Carolina Bay
Free Daily Email Updates
- Automated home searches
- Favorite properties
- Email updates
- And much more…