South Carolina August 2012 Foreclosure Report

According to RealtyTrac.com, there were 3,156 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in August. That is 1 in every 677 housing units. That is a decrease from the previous month; July saw 3,991 foreclosure notices, which was 1 in every 677 housing units.

The month to month foreclosure trend in South Carolina is fluctuating; however, the real estate market in the Charleston area is improving. The Lowcountry’s real estate market and economy are improving; however, we still on the backend of the foreclosure crunch.

The average foreclosure sales price in SC was $118,705, which is $ 66,241 lower than the average of all sales.

What to find a home in pre-foreclosure? Take The Lis Pendens Challenge to compare South Carolina’s three leading pre-foreclosure data services. Each company offers a 7 day free trail for you to try their service.

Aaron