Randy's Hilton Head Real Estate Blog - Forest Beach foreclosures

Quick Search Hilton Head Island Foreclosures & Short Sales

Fri, 06 Aug 2010 12:43:00 -0400

If you're at home or even here now on vacation and dreaming of buying Hilton Head Island real estate, browsing through listings on RandysRealEstate.com is a stress-free way to view everything that's currently for sale. My list of Hilton Head homes and villas, including Hilton Head foreclosures and short sales, is updated every morning. This information comes to me directly from the Hilton Head area Multiple Listing Service, and includes all real estate for sale on Hilton Head Island.

To search for Oceanfront homes or condos for sale on Hilton Head Island, it helps to have a few neighborhoods in mind that interest you. For example, say you're interested in Sea Pines oceanfront villas or Palmetto Dunes homes for sale, I have conveniently placed Quick Search buttons on RandysRealEstate.com homepage. Click on a community tab like Forest Beach or Shipyard and you'll see a short description of that community, and the homes and villas for sale with information about each property including photos.

If you're specifically interested in Hilton Head short sales and Hilton Head foreclosures, go to the Quick Search Foreclosure/Short Sale button to see some of the best bargains on our gorgeous Island.

RandysRealEstate.com is Hilton Head Island's Best Real Estate Website.

Hilton Head Island Short Sales

Sat, 27 Mar 2010 09:08:00 -0400

When searching , you may come across the term "Short Sale" and wonder what exactly does that mean. A short sale does not have to do with the time it takes to close (purchase a home). A short sale is the when the asking or "list price" is lower than what is owed to the lender. For example, there may be a home on Hilton Head Island that is listed for $400,000. The seller may have purchased the home for $550,000 and now owes $440,000. There is now a difference, or shortage, of $40,000 from what the home is listed at and what is owed to the bank ($440,000 owed less the list price of $400,000 = $40,000).

With the $40,000 shortage, the seller can either pay the difference OR, like in most cases, asks for the difference to be forgiven or waived (this could become a deficiancy judgment against the seller). This requires approval from the bank/lender. When an offer comes in on a Hilton Head Island SC home or villa noted as a short sale, the seller first negoitates the offer. After there is a contract signed by the seller and purchaser, the contract is then given to the bank/lender to approve the shortage.

Depending on who the lender is, waiting on their decision could take several weeks and even months. The waiting time is usually the biggest drawback with purchasing short sales on Hilton Head Island. Randy Smith is a Certified Short Sales specialist and can offer both experience and guidance throughout the Hilton Head Island short sale process.

Forest Beach Foreclosures

Tue, 16 Mar 2010 12:55:00 -0400

Forest Beach is located on Hilton Head Island and as one of the first communities, has been a trend setter for the rest of the following neighborhoods. Many residents consider it the downtown of Hilton Head due to its first class amenities, activities, and accommodations. You can enjoy pristine beaches and endless family activities in your own property. Right now is a great time to save big on Forest Beach foreclosures.

Forest Beach foreclosures are a great way to get a new home, vacation property, or a retirement home for a fraction of their original cost. You can get villas, spacious condos, and luxurious beach homes that are conveniently located near the town's Coligny Plaza. At the plaza you can enjoy activities such as movies, dining, shopping, entertainment, and anything else you can think of. Don't miss out on these great prices!