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.
Murrells Inlet - Georgetown County:
Murrells Inlet | Georgetown County
Contact Phillips Realty about Murrells Inlet - Georgetown County. Business Highway 17 runs through the heart of this old fishing village, lined on the east by aromatic tidal and salt marsh creeks. The otherwise fast-paced thoroughfare meanders under ancient oaks by numerous unique seafood restaurants, ranging from ...
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Pawleys Island Mainland
Contact Phillips Realty about True Blue. For years True Blue Golf Plantation was known as one of the hardest golf course in the Myrtle Beach area. Designer Mike Strantz was given few restrictions, and he chose to run with it, building one brute of a round of golf.
True Blue was marketed ...
Loris Contact Phillips Realty about Loris. Loris, South Carolina, is a thriving city that forms the economic hub of Northern Horry County. Approximately 3,000 residents and growing live inside the city limits, with more than 63,000 people living within a 15 mile radius of Loris.
Loris is ...
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