Charleston Your Home Sponsors "The Long and Short of It The Anatomy of a Short Sale" at the Carter Real Estate Center If you are considering buying or selling real estate in Charleston, SC, mark your calendars for a special free event "The Long and Short of It - The Anatomy of a Short Sale" on June 23, 2009 at the Carter Real Estate Center sponsored by Charleston Your Home. Charleston, SC (PRWEB) June 17, 2009 If you are considering buying or selling real estate in Charleston, SC, mark your calendars for a special free event sponsored by Charleston Your Home. With home prices declining, and more homeowners falling behind on their payments, "short sales" are hitting the Charleston, SC market more than ever before. The Long and Short of It - The Anatomy of a Short Sale will be held on Tuesday, June 23, 2009 from 6:00-8:00 PM at The Carter Real Estate Center in the Wachovia Auditorium at 5 Liberty Street, Charleston, SC. During this informative and topical seminar they'll explore the in's and out's of the process including: What, really, is a short sale? How do they work? And is a short sale right for me? The seminar features a distinguished panel of specialists that include:
"Now more than ever there is a need for affordably priced housing with increasing job loss and many families losing their homes to foreclosure, housing affordability for the first time in almost ten years is top of mind. Elected officials, policy makers, business leaders and concerned citizens should seriously take a look at how this "New housing economy" is impacting and will impact our economic and social future in the Lowcountry," said Hoy. "REALTORS® are in a position to help people avoid foreclosure, and can be a great catalyst for the recovery of this housing crisis. This is a market for the real estate agent that can think creatively and utilize all resources available to get the deals closed" stated Diane Szoke & Carolyn Dubrofsky co-owners of Charleston Your Home and lead sponsor of the event. Short Sales, often known in lending circles as a 'discounted payoff', occur when a lender approves the sale of a property for less than market value because of a financial hardship. However, lenders do not want to own real estate. They would rather take a loss on a sale than actually own the property. Lenders also don't like to foreclose. It is a process that costs them time and money and then they are stuck owning property. So the bank will lose a little now to avoid losing a lot via foreclosure. "Any transaction that could possibly result in the recognition of income or capital gain needs to be examined closely by either your CPA or financial advisor, a short sale is a perfect example," asserts Potts Whether you are buying, selling, or need help understanding a short-sale, loan modification, special forbearance situation, partial claim, pre-foreclosure sale or deed-in-lieu of foreclosure situation this seminar can help answer many your questions. Seating is limited so please be sure to R.S.V.P. by June 19, reply to Tracie Mitchum of the Carter Real Estate Center at 843-953-8103. About Charleston Your Home:
###
|
© Copyright 1997-2012, Vocus PRW Holdings, LLC. |