Are there any Oceanfront Foreclosures on Hilton Head Island?
Are there any Oceanfront foreclosures on Hilton Head Island? Hilton Head Island has many attractive foreclosure properties on the market right now, including oceanfront homes and villas (condos are known as villas on Hilton Head Island). Foreclosures can even be found in exclusive communities including Sea Pines, Palmetto Dunes and Shipyard. Real estate owned properties (REO) is a real estate industry terms for homes, lots and villas that are owned by a bank. Some, but not all, REO and foreclosure properties are bargains. 
One advantage of buying a foreclosure versus a short sale property is the lender will have to pay off any homeowners association dues and any liens, including tax liens. As a purchaser of an REO property, you will receive a title insurance policy.
Foreclosure properties are usually sold "as is", so a home inspection is very important. Usually banks will respond to an offer to purchase a foreclosure more quickly than with a short sale. Also, remember that banks want get the best price possible and will usually present a counter offer; I will help you negotiate the best purchase price possible. Please contact me at 843-785-9500 or by email at Randy@RandysRealEstate.com
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