Charleston SC Foreclosure List 2017 - Free!

What is a Charleston SC Foreclosure?

Where can I get a Charleston SC 2017 Foreclosure List?

Charleston SC Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership (repossession) of the property securing the loan. The Charleston SC foreclosure process begins when a borrower/owner defaults on loan payments (usually mortgage payments) and the lender files a public default notice, called a Notice of Default or Lis Pendens. The Charleston SC foreclosure process can end one of four ways:

 1.       The borrower/owner reinstates the loan by paying off the default amount during a grace period determined by state law. This grace period is also known as pre-foreclosure.

 2.       The borrower/owner sells the property to a third party during the pre-foreclosure period. The sale allows the borrower/owner to pay off the loan and avoid having a foreclosure on his or her credit history.

 3.       A third party buys the property at a public auction at the end of the pre-foreclosure period.

 4.       The lender takes ownership of the property, usually with the intent to re-sell it on the open market. The lender can take ownership either through an agreement with the borrower/owner during pre-foreclosure, via a short sale foreclosure or by buying back the property at the public auction. Properties repossessed by the lender are also known as bank-owned or REO properties (Real Estate Owned by the lender).

 

This foreclosure process allows for three opportunities for finding bargains on Charleston SC foreclosed homes.

I can give you a printed Charleston SC 2016 Foreclosure List, but it would be out of date right away because the market for Charleston SC REO properties is really moving. What works better for you - I can send fresh Charleston SC 2017 Foreclosure Listings to you Daily as they come on the Market - and you'll get them at the same time I do!

If you just give me some details of what you're looking for, your email and contact numbers - I'll set you up into the Charleston SC 2017 Foreclosure List E-mail Alert. Contact me Here!

 

Walter Mueller
Walter Mueller
Broker Associate