As a Real Estate Agent specializing in short sales and foreclosures, I know first hand how devastating this market can be to scores of hard working Americans. As Realtors and as consumers, I think it's important to know the latest foreclosure developments. Here are some of the lesser known stories, not typically covered by the major media. Each title is a link that will take you to the original post:

Pulling Back the Curtain: Exposing the 1% Behind the 2011 Big Bank Bonuses:

The nation’s top six banks—Bank of America, JP Morgan Chase, Wells Fargo, Citigroup, Morgan Stanley and Goldman Sachs—paid out $144 BILLION in bonuses and compensation this past year, making 2011’s payday the second highest on record for these six firms.

Just half of the banks’ bonus and compensation pools would be enough to write down the principal on all underwater mortgages in the country. (video provided at the bottom of this post)

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A Huge Housing Bargain -- but Not for You:

The largest transfer of wealth from the public to private sector is about to begin. The federal government will be bulk-selling the massive portfolio of foreclosed homes now owned by HUD, Fannie Mae and Freddie Mac to private investors -- vulture funds.

These homes, which are now the property of the U.S. government, the U.S. taxpayer, U.S. citizens collectively, are going to be sold to private investor conglomerates at extraordinarily large discounts to real value.

You and I will not be allowed to participate. These investors will come from the private-equity and hedge-fund community, Goldman Sachs(GS_) and its derivatives, as well as foreign sovereign wealth funds that can bring a billion dollars or more to each transaction.

In the process, these investors will instantaneously become the largest improved real estate owners and landlords in the world. The U.S. taxpayer will get pennies on the dollar for these homes and then be allowed to rent them back at market rates.

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The Foreclosure-to-Rental Screwjob:

And, why–in heaven’s name–would congress want to take on more risk when they can keep millions of people in their homes by simply reducing the principle on their mortgages to the present value of the house?

Did you catch that? Taxpayers are going to get slammed for another $750 billion. That’s nearly as much as Obama’s American Recovery and Reinvestment Act (ARRA), the fiscal stimulus that added 2 percent to GDP and kept unemployment from rocketing to 13 percent. Bernanke wants to throw that same amount down a Wall Street sinkhole.

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New York Federal Reserve Estimates 3.6 Million Foreclosures Will Occur In The Next Two Years:

While foreclosure rates hit a four-year low in 2011, the early signs for 2012 don’t look good when it comes to housing, as banks have begun to work through a backlog of foreclosures that were delayed by the foreclosure fraud scandal. In fact, the New York Federal Reserve anticipates that 3.6 million foreclosures will occur in the next two years, piling on to the 1 million in 2010 and the 800,000 last year. “The ongoing weakness in housing has made it more difficult to achieve a vigorous economic recovery,” said New York Fed President William Dudley. “Housing has inhibited economic activity through a number of channels.”
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Compass Cove Condos for Sale Myrtle Beach

One of the best Myrtle Beach Oceanfront Condos located on the Grand Strand is the Compass Cove Resort. With Compass Cove Condos for Sale Myrtle Beach, you get beautiful condos that are situated perfectly on the Atlantic Ocean in an area that houses the largest resorts. Offering over 700 feet of ocean front beach and a wide array of amenities, it’s easy to see why Compass Cove offers the best Myrtle Beach condos for sale.

Compass Cove Resort is three buildings combined to create one of the best resorts on the grand strand. The buildings are:

• Pinnacle Tower (Giant Yellow 16 Story Oceanfront including Penthouse Suite Level
• The Mariner (15 Story Oceanfront Hi-Rise w/ 5 Level Parking Garage)
• The Schooner (4 Story Oceanfront)

Compass Cove Pinnacle Tower

Recently re-modeled, the Pinnacle Tower features nearly 300 Oceanfront and Efficiency Condos for Sale Myrtle Beach. The condos feature a Bahamas Island theme with rattan furniture, great lighting, huge comfortable bedding, designer carpets, beach style art, and granite countertops! These condos are truly beautiful! These condos can accommodate up to 8 people and feature two full beds or one king sized bed. Comes will all necessities and kitchen appliances. In the living room the couch can fold out to an additional bed for visiting family members or kids!

Compass Cove The Mariner

The Mariner was recently built in the last 10 years and offers beautiful one, two, and three bedroom condos with oceanfront and oceanside views. All units feature complete kitchen appliances and have bright beach themes. The 2 and 3 bedroom units have different layouts but generally contain the same features. The two bedroom units have two full beds and one kind bed, while the three bedroom units offer the same in addition to another queen sized bed.

Compass Cove The Schooner

Where is Compass Cove located Myrtle Beach

2311 South Ocean Boulevard

Myrtle Beach, SC 29577

The Compass Cove resort is located in central Myrtle Beach, close to the Myrtle Beach Airport and the Coastal Grand Mall. Centrally located close to shopping, dining, and Myrtle Beach attractions of all kinds!!

Compass Cove Amenities

Since there are so many resorts and condos on the beach to choose from, a lot of the times what separates each property are the amenities and overall service. Compass Cove offers wonderful amenities in all three buildings that are sure to keep you busy every day. Such amenities include:

• Seasonal Oceanfront Bar & Grill
• Game Room
• Fitness Center
• 2 Award Winning Restaurants
• Poolside Tiki Bar & Grill
• Outdoor Heated Pools
• Outdoor Cooled Pools
• Jacuzzis & Hot Tubs
• Children Sized Pool & Splash Pool
• 3 Lazy Rivers that extend Indoor & Outdoor
• Waterslides
• On-site Convenience Store
• Giant Shuffle Board
• Oceanfront Lounge
• Spa (For Men & Women)
• Grills on Site
• Large Oceanfront Balconies

Things to do near Compass Cove

Location is prime in Myrtle Beach. Figuring out an area where you’re away from the traffic yet still close to all the fun activities on the grand strand is very important. Compass Cove offers condos for sale in a terrific part of Myrtle Beach with close things to do such as:

• Shopping (Coastal Grand Mall)
• Outdoor Market Commons Shops
• Dining (Restaurant Row, The Strip Restaurants)
• Broadway at the Beach
• Palace Theatre
• Myrtle Beach Boardwalk
• Downwind’s Parasailing & Jet Ski Rentals
• Much, much more!!!

If you are interested in purchasing an oceanfront or ocean view condo at Compass Cove we are the #1 realtors and can give you the insider tips and secrets to buying or selling in A Place at the Beach.

If you are interested in buying, selling, or investing an Oceanfront or Ocean view Myrtle Beach Condo call JP Real Estate Experts at 843-839-9870 or sign up for LISTING ALERTS at http://www.buybankownedmyrtlebeach.com/

Web Resource: Compass Cove Condos for Sale

Website: Compass Cove Condos for Sale Myrtle Beach

Myrtle Beach A Place at the Beach Condos for Sale

Have you considered purchasing an Oceanfront Condo in Myrtle Beach? If so, right now Myrtle Beach A Place at the Beach Condos for Sale are some of the best deals on the market. There are many features of A Place at the Beach in North Myrtle Beach, SC that we absolutely love. In fact, this low rise, comfortable complex is a great place to stay for vacation or to live in if you want to be in a quiet part of Myrtle Beach, SC. It is also one of the best priced Myrtle Beach condos for sale, making it an easier choice to get away no matter the occasion.

A Place at the Beach

A Place at the Beach has so many amenities, you’ll feel like you’ve died and gone to heaven! You literally will not want your vacation to end! This oceanfront condominium complex, located in North Myrtle Beach, SC, has an extensive list of features including:

• Indoor pool
• Outdoor pool
• 150-foot water slide
• Outdoor hot tubs
• Elevator access
• On-site laundry facilities
• Wireless broadband internet access
• Tennis & basketball courts
• Game room
• Gas and charcoal grills beside indoor pool
• Shuffleboard
• On-site store for basic convenience items
• 9-hole putt-putt golf course
• Large interior courtyard with kids playground

In 2009 A Place at the Beach completely redecorated the complex exterior and pool. In order to relax by the pool better they also purchased new tall deck chairs for sunset happy hour! Inside the unit new comforters, pillows and bedding were purchased. These condos are literally brand new!! There are also many tangible appliances available for use including but not limited to: hair dryers, coffee maker, TV, cable, DVD player, stereo, & beach chairs (on the patio & for the beach).

Where is a Place at the Beach Condos Located

A Place at the Beach Windy Hill

A Place at the Beach Myrtle Beach

A Place at the Beach Myrtle Beach, SC

A Place at the Beach North Myrtle Beach

4525 South Ocean Blvd, North Myrtle Beach, SC

A Place at the Beach -9520 Shore Drive, Myrtle Beach, SC

Placed perfectly on a secluded and spacious beach, with a pool and Ocean Annie’s nearby, A Place at The Beach has been a favorite destination for vacationers for years.

Myrtle Beach Condos for Sale Near Barefoot Landing

Located very close to the awesome Restaurant Row which features the best restaurants on the Grand Strand! For all the ladies staying there is endless shopping and attractions at Barefoot Landing, Tanger Outlet, and Broadway at the Beach. Also close by for entertainment purposes are over 100 Myrtle Beach Golf Courses (some of which rank in the best courses in the nation), The World Famous Alabama Theater, House of Blues (concerts and other events venue), Hard Rock Café, and only one mile away from the acclaimed Italian restaurant: Rossi’s. A Place at the Beach is located very conveniently for travel being just 20 minutes away from the airport.

Myrtle Beach Condos for Sale Information

Property Type:

• Condominium

Floor Area:

• 1200 sq. ft. (approx)

Many Condos Include:

• telephone
• air-conditioning
• central heating
• alarm clock

• ceiling fans
• local activities guide
• restaurant dining guide
• hair dryer

A Place at the Beach Condos Feature a Full Kitchen:

• dish washer
• refrigerator
• freezer
• oven
• microwave
• blender
• ice maker
• spices
• stove top burners

• coffee grinder
• 4 ring stove
• grill
• iron & board
• washing machine
• clothes dryer
• cooking utensils
• coffee maker
• toaster

Bathrooms:

• 2 Bathrooms
  • Bathroom 1 - Toilet, Shower
    Bathroom 2 - Toilet, Combination Tub/Shower

Bedrooms:

• 2 Bedrooms
• Bedroom 1 - 1 Queen, w/master bath
  Bedroom 2 - 2 Twin/ Single, w/main bath
  Bedroom 3 - 1 Queen, w/main bath

Some Condos Have Entertainment in the Unit Like:

• TV
• Satellite or Cable
• VCR
• Stereo system

• DVD Player
• Radio

Outside the Condo Amenities on Site Like:

• wood deck around pool
• gated community
• outdoor grill charcoal
• outdoor grill gas
• parking off street
• walkway to water
• barbecue

• garden
• balcony
• unscreened porch/lanai
• outdoor grill
• parking
• 4 garden chairs
• 4 beach chairs

Golf Heaven:

Myrtle Beach offers over 100 excellent golf courses for all levels of skill and considered by many to be the Mecca of Golf. Course discounts are regularly advertised in Myrtle Beach newspapers and coupon discount books and most condo resorts in Myrtle Beach, including A Place at the Beach provide insider deals. It is advisable to make tee-times in advance because it is one of the hottest things to do in Myrtle Beach. Arcadian Shores golf course is located only 1 mile away and is home to some of the prettiest greens. Arcadian Dunes, Grand Dunes and Barefoot courses are a couple more fantastic courses than are less than five miles away. If you’re looking to stay somewhere close to the excellent golf Myrtle Beach has to offer then A Place at the Beach is the place for you!

Spotlight: A Place at the Beach V & VI

Conveniently located along Shore Drive, A Place at the Beach V offers very affordable two bedroom, two bath condos which can comfortably accommodate up to six people. There are many Myrtle Beach Condos for Sale and each beautifully landscaped, three-story phase has an outdoor swimming pool plus an outdoor charcoal area and coin-operated washer/dryer facilities in the building. You have your choice of oceanfront, ocean side or second row condos to choose from. Families and friends vacation at A Place at the Beach V & VI year after year because the staff is very friendly, the location is prime, and the units are beautiful. A Place at the Beach V & VI is centrally located in the northern end of Myrtle Beach close to major attractions, shopping, dining, golf, plus much more.

A Place at the Beach Condo Reviews

“This was the best place we have stayed at! We absolutely love this condo, the area, the places to eat ...and especially the beach! The condo is so nicely decorated with a beach theme. The space we had was great! Everything you could want is right in the condo. We will definitely return to this condo for our family vacation. Two thumbs up and 5 stars for us!!!!”

Recommended for: Age 55+, Girls Getaway, Tourists without a Car, Sightseeing, Families with Teenagers, Families with Young Children, Romantic Getaway

If you are interested in purchasing an oceanfront or ocean view condo at A Place at the Beach we are the #1 realtors and can give you the insider tips and secrets to buying or selling in A Place at the Beach.

If you are interested in buying, selling, or investing an Oceanfront or Ocean view Myrtle Beach Condo call JP Real Estate Experts at 843-839-9870 or sign up for LISTING ALERTS at http://www.buybankownedmyrtlebeach.com/

Web Resource: A Place at the Beach Condos for Sale

Website: A Place at the Beach Condos for Sale Myrtle Beach

Did You Know About the Puzzle Swap?

The Sunset Beach Team is back with their series, “Did You Know” to remind you about the PUZZLE SWAP scheduled for 2:00 PM January 17th, at OCEAN VIEW BAPTIST CHURCH, 7300 N. Kings Highway, Myrtle Beach.

Winnie King is the coordinator for the PUZZLE SWAP that takes place every three to four months. Local residents and vacationers donate used puzzles, with boxes secured or taped, and take puzzles home.

Admission and all PUZZLES are FREE. All donated puzzles need to be dropped off by 1:45pm Tuesday, January 17th. Please park on the 74th Avenue side of the church when dropping off puzzles.

Questions and to be placed on the contact list for future events, call 843-449-0599

THE SUNSET BEACH TEAM SERIES,
“DID YOU KNOW”

PUZZLE SWAP

JANUARY 17TH 2:00PM

OCEAN VIEW BAPTIST CHURCH

7300 n. KINGS HIGHWAY

MYRTLE BEACH, SC