South Carolina January 2013 Foreclosure Report

According to RealtyTrac.com, there were 2,490 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in January. That is 1 in every 850 housing units; which is a decrease from December’s 3,130 foreclosure notices (1 in every 683 housing units).

The month to month foreclosure trend in South Carolina is falling, and the real estate market in the Charleston area is drastically improving. Hopefully the improvement continues and the Lowcountry’s real estate market exits the foreclosure crunch.

Of the 2,490 foreclosure notices, 45% were pre-foreclosure, 27% were auctions and 28% were bank-owned.

Interested in finding homes in your area that are in pre-foreclosure? Take The Lis Pendens Challenge (www.thelispendenschallenge.com) 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