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.
North Myrtle Beach Area | Barefoot Resort
Contact Phillips Realty about Arbor Trace. Arbor Trace is located in Barefoot Resort, a first class living experience where villas, homes and town homes are intertwined through four professionally designed courses by Love, Dye, Norman and Fazio which create the perfect setting for rest and re...
Search MLS: North Myrtle Beach
Pawleys Plantation South:
Pawleys Island Area | Pawleys Plantation S and Debordieu
Contact Phillips Realty about Pawleys Plantation South. Pawleys Plantation is the perfect place to enjoy a great golf or family vacation. Conveniently situated 25 miles south of Myrtle Beach and approximately one hour from Charleston, Pawleys Plantation delivers the best of coastal South Carolina atmosphe...
Pawleys Island Area
Contact Phillips Realty about Hagley Estates. Hagley Estates is one of the few ungated residential communities on the Waccamaw Neck. Ideally located in Pawleys Island, South Carolina, Hagley is 10 miles north of Georgetown, the quaintly historic county seat, and 25 miles south of the bustling c...
Search MLS: Hagley Estates