Charleston South Carolina Real Estate A short sale is a sale that occurs where the closing price is less than the balance owed on the seller's mortgage and the seller will not be making up the difference to satisfy the mortgage. A short sale can result
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Filed under: For Sale, Buyer Information, Charleston new homes, selling in Charleston, bank property, lenders, charleston real estate, charleston mls, Charleston market conditions, charleston sale, charleston home sales, charleston homes for sale, chris deloach, using a buyers agent, short sales, charleston, goose creek short sales, summerville short sales, charleston short sales
With all the talk in the media about defaults and foreclosures, it’s not a bad idea to have an understanding of how loans are issued and how banks are protected when they issue loans. I t is getting harder to get a loan – even for well qualified
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Filed under: Buyer Information, closing statement, HUD 1, bank property, lenders, mortgage brokers, charleston real estate, charleston mls, charleston home sales, charleston market, charleston homes for sale, mortgages, FHA, VA, PMI
Let’s first eliminate a common misunderstanding. Banks do not GIVE mortgages. If you have a home with a mortgage, the bank owns the mortgage. How did they get it? You GAVE it to them. Most people say that they are going to get a mortgage when in
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Filed under: Real Estate, Buyer Information, HUD 1, bank property, lenders, mortgage brokers, charleston mls, charleston home sales, charleston market, charleston homes for sale, mortgages, loans
I was involved in the situation recently that illustrates how important it really is to use the right lender. If you have ever been under the impression that a pre-approval letter is a guarantee that a lender will issue a loan, read on. Two months ago
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