Lots of people purchased condos & property in Myrtle Beach/N. Myrtle Beach in 2006. It was a HOT market and property values & appraisals sky rocketed. People could buy with little or no money down and it turned into a buying frenzy!
Now 4 years later, its another story. With all the adjustable rate mortgages & interest only loans, once sought-after condos & homes at the beach are foreclosing left & right. Lots of them foreclosed because homeowners choked all the equity out of them and they couldn't afford the payments after that so they just let them go. Others had to make a choice between their primary residence that they needed or a beach property they didn't....so the beach property got tossed to the way-side. Some people lost their jobs, got divorced...whatever the reason may be...and out the window went the beach house/condo.
FORECLOSURE is not the answer. It KILLS your credit...for a LONG time. Don't let pride or embarrassment stop you from calling the bank to try to get a loan modification...OR from calling a Realtor to do a short sale. You're not alone! Things happen. Good, bad or indifferent, things happen for a reason. The good news is that it always works out in the end. This is just a stumbling block. It's NOT the end of the world. And credit CAN be repaired!
If you own a condo, house, a piece of land, multi-family property, etc in the Myrtle Beach, North Myrtle Beach (Cherry Grove, Crescent Beach, etc), Carolina Forest, Surfside, Pawleys Island, Murrells Inlet, Garden City, Litchfield by the Sea area & need/want to do a short sale, I can help! It doesn't matter if its a primary residence, 2nd home or rental/investment property. I have been helping homeowners with the short sale solution since 2006. It still puts a dent in your credit, but it doesn't crash it. The best part is it takes all the hassle and stress (or at least some/most) off you.
All you need to get started is a listing agreement (which I can get done for you TODAY) and an authorization letter stating you allow me (or whichever Broker/Realtor you choose) to discuss & negotiate that propery on your behalf. It has to have today's date, the acct#, your hand writen signature, last 4 of your SS#, and property address. THAT'S IT! How simple is that?!
Next, you'll need to compile a few pieces of information that the bank will need in order to process the short sale. A hardship letter describing your situation (as detailed as possible), 2 months bank statements, last 2 pay stubs, last 2 years tax returns (or extension letter if you haven't filed), and a personal financial statement (that most enders already have pre-printed). After that, you leave everything to me!
If you have questions or need more information, feel free to email me at RedHotProperties@gmail.com. You can see home of the short sales I have listed on my website at www.RedHotProperties.net. (Most for Myrtle Beach are on page 2, so make sure you do to page 2. They are listed in alphabetical order, by city). I look forward to hearing from you. The most important piece of information I can give you is, DON'T WORRY. IT WILL BE OK.
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