myrtle beach foreclosures: Myrtle Beach Condo HOAs May Get Added Power - 07/13/11 01:45 PM
Living in a condo in North Myrtle Beach myself, and having a friend on the HOA Board makes me aware of problems they have that most people don't think about. The arguments and backstabbing that goes on constantly, and occasional anarchy when one board is completely voted off and another voted on is enough to keep me far away from them. I don't even like to attend the meetings because of all the bickering.
The foreclosure problems have really affected many of the HOA boards as well. When an owner stops paying his mortgage, chances are he stopped paying his … (0 comments)
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myrtle beach foreclosures: Myrtle Beach Short Sales - 10/29/10 07:16 AM
Myrtle Beach Short Sales are seeing a major increase. Greg Harrelson, a Myrtle Beach Realtor, and President of C21 The Harrelson Group, penned this article about our short-sale market. Greg has been coached for over 10 years by some of the best real estate gurus in the country, and is himself a real estate career coach. I thought it was an interesting article and point of view, and a good fit for Active Rain.
It seems that every building and every neighborhood in Myrtle Beach has at least one short sale actively listed for sale or recently sold.
Why are so many … (2 comments)
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myrtle beach foreclosures: Foreclosure Woes - Paying Taxes on Real Estate You Lost - 06/05/08 10:00 PM
Although the federal government made a small concession for primary homeowners in crisis this year through tax exemptions on foreclosure losses, the average Joe who dipped into real estate investing and is now going for bankruptcy or just foreclosure will be in a world of hurt.
So many middle class families and individuals got into buying second homes or condos for vacation and investment during the real estate boom and are now victims of the mortgage crisis. They are finding it impossible to keep - even with renters. A huge ARM loan payment increase isn't going to be possible to meet in most … (4 comments)
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myrtle beach foreclosures: Myrtle Beach Real Estate Not the Worst - 04/28/08 01:32 AM
CNN compiled a list of the cities and markets that were suffering with foreclosures and lowered real estate values faster than the rest. There weren't really many surprises, and thankfully Myrtle Beach homes and condos, though falling in price, are not yet on the list of the heaviest losers.
CNN says they used data from a San Francisco based MLS tracking service call Zip Realty to compile the following:
Number 10 on the list...Atlanta GA with prices down 7.1%, blamed on overbuilding in the condo market and high foreclosure rates in other, poorer counties in Georgia.
Number 9 on the … (3 comments)
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