Oh No…Here We Go… Charleston, SC Area Foreclosures

The residential real estate market has been in a very odd state of nothingness if you will every since the moratarium on foreclusres of 2009. It looks like the market is poised to clean these residential defaults up and with swiftness. The local paper has posted this article:
http://www.postandcourier.com/news/2010/feb/20/foreclosures-leveling-off/
Lenders began foreclosing on 1,196 properties [...]

In Pictures: The Severity Of The Foreclosure Crisis Depends On Where You Live

For as much as the foreclosure filing statistics can be astounding — over 300,000 homes were served last month alone — the prevalence of foreclosures depends on where you live.

Simple Real Estate Definitions : Short Sale

A “Short Sale” is when a home seller sells his home for a lesser amount than what is owed on his mortgage, and the mortgage lender agrees to accept the lesser amount in lieu of a full payoff.

Realty Check: CNBC.com Video

Housing Permits Spike For The Second Straight Month

After posting a 7 percent gain in November, permits rose by another 8 percent in December. It’s a signal that housing is in recovery. More permits mean that builders plan to bring more homes on the market for what’s expected to be a very busy spring home-shopping season.

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