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May 2011

Found 1 blog entry for May 2011.

hilton head islandLike the remainder of the country, Hilton Head Island foreclosures and short sales are still available for those looking for a great deal. However, the number is dwindling. The good news is there are many great buys on the Island that are not in foreclosure or short sale status. You just need to be a savvy hunter and discuss all of your options with your real estate agent and truly understand what foreclosures and short sales are and the ramifications of purchasing them.

Foreclosures that are listed on the market are usually Real Estate Owned property (REO) meaning the bank has called the note from the homeowner. The bank will clear the title, make minor repairs to get the home in shape and then list it to recover the unpaid loan amount. The bank has

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