real estate investor tips: South Carolina March 2013 Foreclosure Report
- 04/21/13 11:42 PM
According to RealtyTrac.com, there were 3,145 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in March. That is 1 in every 673 housing units; which is a big increase from February’s 2,864 foreclosure notices (1 in every 739 housing units).
Unfortunately, the foreclosure trend is starting to reverse in SC. The number of Lis Pendens filings is a significantly higher percentage of foreclosure activity compared to the nation as a whole. Hopefully, the rebounding economy will help stem the tide of Lis Pendens filings.
Of the 3,145 foreclosure notices, 59% were pre-foreclosure, 17% were auctions and … (0 comments)
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real estate investor tips: South Carolina February 2013 Foreclosure Report
- 03/20/13 06:01 AM
According to RealtyTrac.com, there were 2,864 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in February. That is 1 in every 739 housing units; which is an increase from January’s 2,490 foreclosure notices (1 in every 850 housing units).
Although that is an increase from January, 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, because Dorchester and Berkeley Counties were 1 and 2 in foreclosure … (0 comments)
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real estate investor tips: South Carolina January 2013 Foreclosure Report
- 02/25/13 06:19 AM
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 … (1 comments)
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real estate investor tips: South Carolina December 2012 Foreclosure Report
- 01/25/13 03:33 AM
According to RealtyTrac.com, there were 3,130 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in December. That is 1 in every 683 housing units.
The month to month foreclosure trend in South Carolina is slightly falling, and the real estate market in the Charleston area is improving. Although the Lowcountry’s real estate market and economy are improving, we still on the backend of the foreclosure crunch.
Of the 3,130 foreclosure notices, 53.4% were pre-foreclosure, 23.7% were auctions and 22.9% were bank-owned.
Interested in finding homes in your area that are in pre-foreclosure? Take … (0 comments)
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real estate investor tips: South Carolina October 2012 Foreclosure Report
- 11/25/12 05:22 AM
According to RealtyTrac.com, there were 3,557 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in October. That is 1 in every 601 housing units. That is flat from the previous month; September saw 3,548 foreclosure notices, which was 1 in every 603 housing units.
The month to month foreclosure trend in South Carolina is slightly falling, and the real estate market in the Charleston area is improving. Although the Lowcountry’s real estate market and economy are improving, we still on the backend of the foreclosure crunch.
Of the 3,557 foreclosure notices, 47.5% were pre-foreclosure, … (0 comments)
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real estate investor tips: South Carolina September 2012 Foreclosure Report
- 10/21/12 11:24 PM
According to RealtyTrac.com, there were 3,548 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in September. That is 1 in every 603 housing units. That is a modest increase from the previous month; August saw 3,156 foreclosure notices, which was 1 in every 677 housing units.e previous month; August saw 3,156 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. Although the Lowcountry’s real estate market and economy are improving, we … (0 comments)
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real estate investor tips: South Carolina August 2012 Foreclosure Report
- 09/18/12 09:15 PM
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 … (0 comments)
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real estate investor tips: Educate and Build Rapport to Gain Clients Part 2
- 08/29/12 08:10 PM
People do not like to admit when they are facing financial difficulties. Money and finances are taboo subjects in America, and most Americans do not like to ask for financial help when it is needed. I should know, because when the market tanked I was facing some major financial difficulties, I did not want to talk anyone about it. I was embarrassed; I felt inferior. I did not want my friends and family to know debt collectors were calling me. Luckily, I had multiple options, and I was able to right my financial ship. Although I did not face foreclosure on … (0 comments)
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real estate investor tips: South Carolina July 2012 Foreclosure Report
- 08/29/12 12:21 PM
According to RealtyTrac.com, there were 3,991 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in July. That is 1 in every 536 housing units. That is a slight increase from the previous month; June saw 3,681 foreclosure notices, which was 1 in every 581 housing units. July statistics repeated the May spike we experienced. It seems the downward trend we had is starting to reverse. 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 $157,012. Want to see … (0 comments)
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real estate investor tips: South Carolina June 2012 Foreclosure Report
- 07/18/12 09:15 PM
According to RealtyTrac.com, there were 3,681 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in June. That is 1 in every 581 housing units. That is a slight decrease from the previous month; May saw 3,966 foreclosure notices, which was 1 in every 539 housing units. We had a downward trend for a couple of months, but the May spike in foreclosure action is a concern. Hopefully June’s slight decrease in foreclosure activity will continue the downward trend. The Lowcountry’s real estate market and economy are improving; however, we still on the backend of the foreclosure … (1 comments)
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real estate investor tips: South Carolina May 2012 Foreclosure Report
- 06/15/12 03:58 AM
According to RealtyTrac.com, there were 3,966 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in May. That is 1 in every 539 housing units. That is a significant increase from the previous month; April saw 2,970 foreclosure notices, which was 1 in every 720 housing units. We had a downward trend for a couple of months, but May saw another spike in foreclosure action. 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 $90,008. Want to see your … (0 comments)
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real estate investor tips: South Carolina April 2012 Foreclosure Report
- 05/17/12 12:09 PM
According to RealtyTrac.com, there were 2,970 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in April. That is 1 in every 720 housing units. That is another large decrease from the previous month; March saw 3,396 foreclosure notices, which was 1 in every 629 housing units. We had a downward trend for a couple of months, but February saw a spike in foreclosure action and March and April are back on the downward trend. The Lowcountry’s real estate market and economy are improving; however, we still on the backend of the foreclosure crunch. Want to see … (2 comments)
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real estate investor tips: South Carolina March 2012 Foreclosure Report
- 05/09/12 05:14 AM
According to RealtyTrac.com, there were 3,396 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in March. That is 1 in every 629 housing units. That is a 25% decrease from the previous month; February saw 4,373 foreclosure notices, which was 1 in every 489 housing units. We had a downward trend for a couple of months, but February saw a spike in foreclosure action and March is back on the downward trend. The Lowcountry’s real estate market and economy are improving; however, we still on the backend of the foreclosure crunch. Want to see your county’s … (0 comments)
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real estate investor tips: South Carolina February 2012 Foreclosure Report
- 03/24/12 03:06 AM
According to RealtyTrac.com, there were 4,373 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in February. That is 1 in every 489 housing units. That is huge jump the previous month; January saw 3,286 foreclosure notices, which was 1 in every 651 housing units.. We had a downward trend for a couple of months, but February saw a spike in foreclosure action. The Lowcountry’s real estate market and economy are improving; however, we still on the backend of the foreclosure crunch. Want to see your county’s Lis Pendens (pre-foreclosure) listings for the week? Sign up for … (0 comments)
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real estate investor tips: Educate and Build Rapport to Gain Clients - Part 1
- 03/07/12 11:22 PM
Due to the combination of too much available information (often incorrect or incomplete), lack of qualified professionals to work with and possible embarrassment resulting from financial difficulties, homeowners facing foreclosure will often play ostrich by ignoring the situation and letting events unfold as they will. This can create a sizable hurdle you must overcome when marketing your services to homeowners facing foreclosure. Fortunately, almost every homeowner facing foreclosure wants a solution, and that creates an opportunity for you when marketing your services to homeowners facing foreclosure. Let's look at some facts about homeowners facing foreclosure: 1. Homeowner has some sort of … (1 comments)
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real estate investor tips: South Carolina January 2012 Foreclosure Report
- 02/18/12 03:54 PM
According to RealtyTrac.com, there were 3,286 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in January. That is 1 in every 651 housing units. For the second month is a row, that is a decrease from the previous month; December saw 3,472 foreclosure notices, which was 1 in every 600 housing units. Although the foreclosure notices decreased from December to January, the foreclosure action is trending upwards in South Carolina. But, if February is lower, the trend will start to shift downward. Want to see your county’s Lis Pendens (pre-foreclosure) listings for the week? Sign up … (0 comments)
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real estate investor tips: How to Find Lis Pendens Filings in South Carolina
- 01/29/12 04:02 AM
Homeowners facing foreclosure need services and professionals to help them out of their financial situation; therefore, marketing your services to Lis Pendens data lists is valuable for you and the homeowner.
When I started Real Estate Investing in 2006, pre-foreclosures were taught as a source of potential leads. That was a couple of years before the financial and mortgage collapse that resulted in the record foreclosure numbers and has created more foreclosure related opportunities than we have ever seen.
Needless to say, my partner and I quickly saw value in marketing to homeowners facing foreclosure. The big question was … (2 comments)
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real estate investor tips: South Carolina December 2012 Foreclosure Report
- 01/23/12 06:10 AM
According to RealtyTrac.com, there were 3,472 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in December. That is 1 in every 600 housing units. That is a large decrease from November; November saw 4,028 foreclosure notices, which was 1 in every 517 housing units. Although the foreclosure notices decreased from November to December, the foreclosure action is trending upwards in South Carolina. That is to be expected, because our housing market seems to lag the national trend by 2-3 years. 2012 is shaping up to be another rough year for struggling homeowners. Want to see your … (0 comments)
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real estate investor tips: Lis Pendens as a Lead Source
- 12/29/11 03:53 AM
The last article outlined the Foreclosure Process in South Carolina, and one of the items briefly mentioned was the lender's collection attempts. Lenders can be rather persistant in their collection efforts. Those phone calls and letters sometimes border on harrassment, and that is where you come in.
Homeowners facing foreclosure want the calls to stop and their financial situation to improve. The problem is an internet search for foreclosure or bankruptcy help yields hundreds of thousands of results. With all of that information out there, a homeowner facing foreclosure can become confused, and a confused mind will shut down.
… (2 comments)
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real estate investor tips: South Carolina November Foreclosure Report
- 12/15/11 06:38 AM
According to RealtyTrac.com, there were 4,028 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in November. That is 1 in every 517 housing units. That is a huge jump from October, and the second consecutive major increase; October saw 3,652 foreclosure notices, which was 1 in every 571 housing units. Foreclosure action is trending upwards in South Carolina. That is to be expected, because our housing market seems to lag the national trend by 2-3 years. 2012 is shaping up to be another rough year for struggling homeowners. Want to see your county’s Lis Pendens (pre-foreclosure) … (0 comments)
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According to RealtyTrac.com, there were 3,145 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in March. That is 1 in every 673 housing units; which is a big increase from February’s 2,864 foreclosure notices (1 in every 739 housing units).
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