Real estate blog entries tagged with short sales in myrtle beach by Mirela Monte, Your Myrtle Beach Real Estate Connection

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Home : Blogs : Myrtle Beach Real Estate by Mirela Monte : Myrtle Beach Real Estate by Mirela Monte : Tag "short sales in myrtle beach"

short sales in myrtle beach: 7 things I learned doing short sales for past 3 years - 09/10/09 02:08 PM

My Agents and I have done a lot of short sales in Myrtle Beach. I concur with Joe on many points. Although a short sale will reflect negatively on the seller's credit, it doesn't have nearly the impact of a foreclosure, or even a voluntary foreclosure (deed-in-lieu of foreclosure).
On the Credit Report a Short Sale shows as a "Settled Debt" and can stay on there for four to six years. The Short Sale itself does not adversely impact the credit; the late mortgage payments do.
Can you do a Short Sale without being late with your mortgage payments? It depends. … (3 comments)

short sales in myrtle beach: Auctions work great with short sales - 04/04/09 12:21 AM

What a great idea! Thank you Sarah!
This will work quite well with Short Sales in Myrtle Beach.
Mirela Monte, Your Myrtle Beach Real Estate Connection Join The Optimist Group!
Via Sarah Sonke, Auctioneer/Broker (AuctionFirst.com):
Agents are quickly learning how to work short sale deals. But conventional real estate has limitations in this area mainly because when the banks take forever to make a decision, buyers get impatient and walk away from the deal.Auctions are a perfect match with short sales and here's why:1. The auction terms can require a high enough deposit that no one would ever walk away … (6 comments)

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