Jason Ellis

7568 Regina Drive - Myrtle Beach SC 29572

Grande Dunes - MAP IT

About the Home - Featuring 3 bedroom 2.5 bath with a study, pool/hot tub, and 3 car garage this ICF constructed home sits on one of the larger homesties in Siena Park. The home has new carpet, new paint, and a tile restoration company has just restored all the tile and grout lines back to original condition. The Cararra Model, built by Classic Homes, is a best selling model and boast just under 2400 heated square feet. Ownership of this beautiful home includes membership to the one and only Grande Dunes Ocean Club.

$559,900 - MLS#920891

Open Saturday Oct 31, 2009 11am to 4pm

Open Sunday Nov 1, 2009 1pm to 4pm

About the Grande Dunes - Siena Park -Only a few blocks away from the beautiful Atlantic Ocean, nature lovers are drawn to the refreshing tranquility of Siena Park, a residential garden spot featuring walking trails, wooded beauty and graceful homes encircled by a park-like environment.

Along a spectacular stretch of Carolina coastline is one of the most luxurious and elegant oceanfront facilities on the eastern seaboard. The Ocean Club at Grande Dunes pays tribute to the majestic beachside resorts of years past both in structure and welcoming service. While exuding the warmth of expansive white beaches and the generosity of classic Southern hospitality, our retreat also illustrates a keen awareness of the modern-day expectation of its members.

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Coastal REO Solutions (CRS) is a firm dedicated to stabilizing real estate market conditions by offering risk-management & assessment services of bank-owned properties. We achieve this by utilizing our staff’s superior knowledge of market conditions & strategies. Working with a network of contractors, inspectors & builders we provide you with a team dedicated to maximizing salability of your assets.

What is Foreclosure?      This is the legal means that your lender can use to repossess your home. When this happens, you must move out of your house. If your property is worth less than the total amount you owe on your mortgage loan, a deficiency judgment could be pursued.  Both foreclosures and deficiency judgments could seriously affect your ability to qualify for credit in the future.

What should I do if I can’t make my mortgage payments?

1.            DO NOT avoid your Lender.  Whether you believe it or not the Bank does not want to take your property from you.
2.            Document any financial hardships such as loss of job, reduced income, health problems, death of co borrower, etc…
3.            Call or write to your lender's Loss Mitigation Department without delay.

Your Lender can not help you if they don’t know how to get a hold of you!  Your Lender will be more inclined to work with you if they know you are making an effort to help try and correct the situation.

What options do I/we have?

1.            Mortgage Modification – Under some circumstances your Lender can modify your current loan to make it affordable and add any missed payments on to the back of the loan. You may qualify if you have recovered from a financial problem and can afford the new payment amount.

2.            Special Forbearance - This is an arrangement made with the lender whereby you can obtain a temporary suspension of payments. These missed payments which include delinquency fees and interest can then be added to the outstanding loan balance. The structure of the repayment plan varies depending on the lender. For instance, one lender may charge the balance against the future proceeds of the property; another may lower the interest rate on the loan or even lower the payments for a predetermined period of time.

3.            Pre-Foreclosure Sale or Short Sale: This option may allow you to sell your property for an amount less than what is necessary to pay off your mortgage loan. In a short sale, the bank or mortgage lender agrees to discount a loan balance because of an economic or financial hardship on the part of the borrower. The home owner sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender. Neither side is "doing the other a favor;" a short sale is simply the most economical solution to a problem.

4.            Deed In Lieu Of Foreclosure: This option may allow you to voluntarily "give back" the property to your Lender without further damaging your credit. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender. The principal advantage to the borrower is that it immediately releases him/her from most or all of the personal indebtedness associated with the defaulted loan. The borrower also avoids the public notoriety of a foreclosure proceeding and may receive more generous terms than he/she would in a formal foreclosure.

Bankruptcy needs to be avoided at all cost.  This is the most damaging to your credit... If this is your only option and/or you are consulting with a Bankruptcy Attorney provide the attorney's name and number to the bank.  This will at least stop the bank and other agency's they have hired from calling you directly.

No matter what stage of foreclosure you are in call Coastal REO Solutions and we will do our best to assist you through this troubling time!

We can’t help you if we don’t know you!

Coastal REO Solutions (CRS) is a firm dedicated to stabilizing real estate market conditions by offering risk-management & assessment services of bank-owned properties and other assets in some stage of Foreclosure. We achieve this by utilizing our staff’s superior knowledge of market conditions & strategies.

Coastal REO Solutions is the Grand Strand’s leading REO and Troubled asset Real Estate Firm. 

843-839-8406 or Info@coastalREOsolutions.com

If you are a Buyer, Investor, or speculator and are looking to purchase foreclosed real estate be sure to use our proprietary search application located on our website!

http://www.coastalreosolutions.com/bank_owned_foreclosures.html

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Real Market Solutions in REO.

Coastal REO Solutions is a firm dedicated to stabilizing real estate market conditions by offering risk-management & assessment services of bank-owned properties.

Reliable, on-time service from Myrtle Beach's REO Specialist!

Coastal Reo Solutions is here to provide clients a harmonized, one-stop office for REO asset management, real estate sales, loss mitigation, property valuation/ preservation, and receivership management. The one-point-of-contact method assures the quickest turnaround, superior accountability, and a more dependable level of service.

Clients can farm out their complete REO-related cases to CRS, or easily opt for the specific services necessary to supplement their in-house abilities. Our asset managers offer clients an unparalleled degree of expertise, streamlined service and the ability to craft an individualized strategy to meet their asset acquisition, management, and disposition needs. Contact us if you are a servicing manager, investor, hedge fund professional, lender or agent for information on our one-source, cross-functional resolutions to managing distressed real estate property loan assets. If you are a buyer, speculator or investor, take advantage of our proprietary search application for Bank Owned Properties that eliminates the need to waste valuable time on multiple sites.

Many thanks, we look forward to being of service.
Your friends at Coastal REO Solutions

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