Wondering what option you have if you're in foreclosure in South Carolina?

What is a short sale?
Also known as a real estate short pay-off or a pre-foreclosure workout, a short sale is an agreement with a lender to accept less than the amount owed by a borrower via a sale of the property to a third party. With this agreement, the lender releases the borrower from the mortgage, thereby preventing foreclosure.

What are the advantages of a Short Sale with South Carolina Homes?
Minimize damaging impact to credit: Foreclosure can remain on your credit for up to seven years while a short sale usually gets reported as a “settled debt” and is significantly less damaging. With a short sale, your FICO score will not be as negatively impacted as it would be with a foreclosure, and you will be able to get into a new home much sooner as well.
Minimize financial exposure/liability: In many foreclosure situations, the lender will ultimately sell the property at a significant discount once they foreclose and repossess the property. The homeowner can then be financially liable to the lender. While the same may be true with a short sale, the difference is with a short sale the homeowner is still involved in the process and can therefore contribute their input and have more control over the sale price of the property and the potential associated liabilities. In a foreclosure, however, once the lender repossesses the property, the homeowner is typically defenseless with respect to what follows next.

Why would my lender agree to a short sale?
In most distressed mortgage situations, foreclosure is a last resort for all parties involved. Simply put, both the homeowner and the lender usually want to avoid foreclosure at all costs. That is why lenders have come up with various alternatives to foreclosure, which they are typically very motivated to pursue prior to going to foreclosure.
A short sale gives the lender the ability to cut its losses upfront thereby avoiding the expense and time of a foreclosure and potentially greater losses. Lenders want to make loans, they do not want to be in the business of owning and managing real estate. Whether the lender chooses to go through with a foreclosure or agree to a short sale, they are taking a loss either way, but in many cases they would take less of a loss with a short sale and resolve the matter in a comparatively shorter time frame. In nearly every case, a short sale offers a better return on the lender’s investment than a foreclosure does.

How long does a short sale typically take to complete? Can the process be expedited if I am imminently facing foreclosure or an auction date has been set?
Every short sale situation is unique and follows its own timeline. Typically a short sale is completed within one to four months from the time we have a complete short sale package ready to present to the lender. Having said that, we have successfully negotiated a short sale in as little as two weeks. Timing depends on how quickly we can begin negotiating with your lender. If you are imminently facing foreclosure or even if an auction date has already been set, the process can certainly be expedited and we have even had lenders postpone the auction date. Please contact us today for a free consultation with one of our specialists so that we can be of immediate assistance to you. Please fill out your house information to sell Your South Carolina House with a Short Sale Fast

How much will a short sale cost me?
Absolutely nothing. Unlike other loss mitigation companies, Http://SCHomebuyers.net provides our services at no cost to the homeowner. We want to buy your house and in order for us to do so, we need to successfully negotiate the short sale.

Can my Real Estate Agent do a Short Sale?
Real Estate Agents list property; they typically do not know how to negotiate a short sale nor will they normally do so even if they knew how. They feel their time is worth more,and if you HAPPEN to get an offer, they may turn it over to a disinterested third party who will not truly negotiate to try to remove your deficiency judgement. They are interested in listing your property, not making a short sale offer. So, instead of "doing a short sale", they will list the property and hope and pray that a buyer will show up to turn in an offer to the bank. So, what happens if they never get an offer? Well, that means no short sale was ever worked on and the house WILL go into foreclosure. On the other hand, we want to buy your Charleston, Dorchester, or Berkeley County South Carolina house with a short sale and will start working with the bank within just DAYS after you give us permission.

What is your relationship with lenders? Why shouldn’t I negotiate with my lender directly?
We firmly believe that just as most borrowers use a professional to initially get into a mortgage, it is in their best interest to do so if they are in the unfortunate position that they need to get out of a mortgage. At best, you only get one shot to negotiate your way out of foreclosure, and while it is certainly possible to negotiate with the lender yourself, it is highly unadvisable.
Most lenders’ loss mitigation departments are understaffed, and the overworked loss mitigators are usually overloaded with all parties vying for their attention. Unfortunately, the loss mitigator can be very difficult to get a hold of, and when you finally do get through, you have very little time with which to make your case. Furthermore, the added stress of foreclosure in itself makes it difficult fore a homeowner to effectively and calmly negotiate their way out of foreclosure.
Because we work with all lenders and represent homeowners from all across the country, and since we specialize in loss mitigation, we understand how to collect, prepare, and effectively present the information that lenders require to seriously consider a loss mitigation solution such as a short sale. We have excellent working relationships with the lenders’ loss mitigation departments and we will leverage our network and expertise to help you solve your problem. Please contact us today for a free consultation with one of our specialists so that we can be of immediate assistance to you.

What do I need to do to get started?
Just Fill out our brief property information form for your Charleston South Carolina home to Stop Foreclosure now and sell your house fast with a short sale.

------------- SELLER ------ Is Your House in Foreclosure? * We Are Proven Short Sale Specialists * We Are SCHomeBuyers.net * We Buy Charleston South Carolina Houses FAST

Is Your House in Foreclosure? * We Are Proven Short Sale Specialists * We Are SCHomeBuyers.net * If you are facing a pending foreclosure, the best advice we can give you is to ACT NOW AND DON'T HESITATE ANOTHER MINUTE! Click here to use our Secure & Confidential Questionnaire Many people facing foreclosure do nothing but sit around and wait for a miracle. We all know the odds of that happening are unlikely at best. But what else can you do? Many homeowners seek advice from their attorney. And why not, attorneys are supposed to have all the answers, right? Maybe so, maybe not! They act on their attorney's well intentioned advice and file bankruptcy, thinking that all their problems will be solved. However, even though bankruptcy does put a hold on everything, all it really does is buy a little more time. The end result is almost always the same... the property goes to Sheriff's Sale and in addition to losing their home, they now have a bankruptcy and a foreclosure on their credit report. If you are facing foreclosure, this is a situation you definitely want to avoid at all costs. In most cases, the best thing for a homeowner to do when facing foreclosure, assuming that the homeowner's inability to pay the mortgage is not temporary, is to SELL THE PROPERTY AND SELL IT FAST! Click here to use our Secure & Confidential Questionnaire In doing so, you will avoid having a foreclosure and quite possibly a bankruptcy on your credit report. You'll be able to get on with your life and avoid having foreclosure haunt you for years to come! In many cases, we can buy your house, bring your payments current and possibly give you equity back out of your home. We can even help in many situations where your house has no equity. If your foreclosure has gone public, chances are you've been contacted by other investors whom you might deem as a bit unscrupulous. However, unlike these other investors, we will not try to take advantage of your unfortunate situation. We simply work with you to figure out a mutually beneficial solution so you can move on with your life with your good name and credit w/out a foreclosure on it! In a foreclosure situation, time is of the essence. Call today for a confidential, no obligation consultation on how we can get you cash out of your house and save your credit from foreclosure before it is too late! Complete our Seller Questionnaire below or Call (843) 883-3319 (843) 883-3319 before your foreclosure turns into your worst financial nightmare! Click here to use our Secure & Confidential Questionnaire http://www.SCHomeBuyers.net

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Answers to

Frequently Asked Foreclosure Questions

Question: What should I do?

1. DO NOT IGNORE THE LETTERS FROM THE LENDER

If you're having problems making your payments, contact your lender immediately. Explain your situation. Be prepared to provide the lender with the financial information that they request, such as monthly income and current debts. Work with them. Without this information, they may not be able to assist you.

2. STAY IN YOUR HOME FOR NOW

You may not qualify for assistance if you abandon your property. IF YOU ARE GOING TO ABANDON YOUR PROPERTY, CONTACT US NOW TO STOP THE FORECLOSURE AND SELL YOUR HOUSE. WE CAN BUY YOUR HOUSE IF YOUR HOME WILL QUALIFY FOR ONE OF OUR PROGRAMS.

3. CONTACT SOUTH CAROLINA HOMES.

We have information on services and programs that could possibly help you. We can also offer credit counseling through associate an associate company. Call for information.

4. WHATEVER YOU, DO NOT WAIT. THE SITUATION IS NOT GOING AWAY AND YOU NEED TO TAKE ACTION NOW TO AVOID FORECLOSURE. WE WILL BUY YOUR HOUSE EVEN IF YOU HAVE NO EQUITY AT ALL!!!

Question: Who do I need to talk to in order to sell this house, to prevent a foreclosure?

1. FILL OUT YOUR CHARLESTON, SOUTH CAROLINA HOUSE INFO NOW AND WE WILL PROVIDE YOU WITH A FAST OFFER.