The Difference Between a Short Sale and a Foreclosure...
The foreclosure process begins when a borrower/owner defaults on mortgage payments and the lender repossesses the estate to recover the amount owed on the defaulted loan. Foreclosure is the termination of all rights of the homeowner covered by a mortgage and the estate becomes the absolute property of the lender.
For homeowners who can no longer afford to keep mortgage payments current, short sales are an alternative to foreclosure proceedings. When lenders agree to do a short sale in real estate, it means the lender is willing to allow the sale of the estate for less than the total amount due on the loan.
Contact Phillips Realtyto get a free report on the alternatives available to you to avoid the financial freefall that comes with foreclosure. As a Certified Distressed Properties Expert (CDPE), I can provide you with information describing several opportunities available to homeowners that may lessen the negative financial impact of foreclosure and to find the best solution for your unique situation.
Georgetown Area | Belle Isle | East Of South Island Rd.
Contact Phillips Realty about Belle Isle. Belle Isle Yacht Club is a villa community located along Winyah Bay just south of Georgetown, South Carolina. The community is surronded by 640 acres of woods, lakes and gardens. Amenities include new Yacht Club and Marina with Bar & Grill, pool, t...
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North Myrtle Beach Area | Ocean Drive
Contact Phillips Realty about Seaside Plantation. Within walking distance of the Atlantic Ocean, Seaside Plantation is just blocks away from superb dining, shopping and entertainment. Amenities that residents of this gorgous gated community enjoy include a clubhouse, swimming pool, putting green, sp...
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Pawleys Island Area | Litchfield Beaches
Contact Phillips Realty about Pawleys Island Area | Litchfield Beaches
. Bordered and protected on the North by Huntington State Park and in the South by Hobcaw Barony, both home to biggest wildlife sanctuaries, our very special community offers homeowners, guests and vacationers a lifestyle built around beach activities,...
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