Foreclosure proceedings are very expensive for banks. It may be less expensive for them to accept a short sale if the homeowner is no longer able to afford their payments. In that case it is a prudent business decision. Banks don’t agree to short sales because they “feel sorry” for the owner or “understand” their circumstances. Short sales happen at all price points- from under $100,000 to homes in the millions. Each short sale represents a family in financial distress for a variety of reasons such as divorce, job loss, health expenses, or poor financial decisions. It’s up to each bank to decide if they will accept less than the total due. Every bank handles short sales differently and each homeowner’s situation is unique. One of the most important and least understood elements of short sales is that the homeowner must be approved for a short sale. In other words, they have to provide proof to the lender that they can no longer afford their home. SCHomeBuyers.net will help with this.

Wondering “what options do I have if I’m in foreclosure in South Carolina”? A Short Sale May be Your Best Alternative to Stop Foreclosure or Bankruptcy! Well if you live in Charleston, Mount Pleasant, Daniel Island, Isle of Palms, Sullivan’s Island, Folly Beach, Greenville, Hilton Head, Beaufort, Myrtle Beach, or Columbia, SC there IS someone who can help you. SC Homes is an investment company and can handle your short sale for you, because they are the short sale specialists and experts.