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short sale: New Short Sale Program Should Simplify Home Sales - 03/15/10 02:00 AM
New Short Sale Program Should Simplify Home Sales
Short sales are not scary.  They are just business as usual in today's economy.  A short sale is an arrangement between the current home owner and their mortgage company.   The mortgage company agrees to accept a buyer's offer that is less than the total amount owed to pay off the home.
Slumping housing prices and surging unemployment have brought on a wave of foreclosures 
A short sale is simply the most economical solution to a problem. Mortgage companies will incur a smaller financial loss than from a foreclosure and borrowers are able to minimize … (6 comments)

short sale: Completed Short Sale In Hopkins SC - 03/13/10 05:14 AM
Completed Short Sale In Hopkins SC
Hopkins SC     This nice 4 bedroom home in the Rosecliff neighborhood on Trotter Road just sold.
Here is a great testimonial letter I received from the seller:
Terry Edwards exceeded our expectations and anticipated sidesteps along the way. We were out of state owners of a rental property that was a challenge from the beginning. Terry took everything in stride; repairs, paperwork; short sale documentation. It was all handled via email or fax and we were informed every step of the way. He guided a timely closing to the satisfaction of all parties involved. Terry is … (4 comments)

short sale: $8,000 Homebuyer Tax Credit And The Trickle-Down Effect - 11/14/09 07:04 AM
Columbia SC                $8,000 Homebuyer Tax Credit And The Trickle-Down Effect
I have not been an advocate of this Federal tax credit because I don't believe in government handouts.....receiving tax dollars for doing nothing.   But I'm changing my mind.
After completing a recent short sale with Citi Mortgage I began to examine where all this money was put to good use. 
The home buyer used roughly $6,000 of the credit to put toward the down payment and closing costs of the loan.  This supplied work for the loan officer, the home appraiser, the underwriter of the loan, and various unforeseen employees at the … (3 comments)

 
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Terry Edwards

Columbia, SC

More about me…

Russell & Jeffcoat Real Estate Corp.

Address: 5219 N. Trenholm Road, Columbia, SC, 29206

Office Phone: (803) 782-9171

Cell Phone: (803) 920-5327

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