Grande Dunes Short Sales

Grande Dunes Short Sales



Grande Dunes in Myrtle Beach has been the exclusive address to have on the Grand Strand. Homes in Grande Dunes skyrocketed in value during the peak of the market. The beautiful Mediterranean style homes with terracotta roofs line one of the most exclusive golf courses on the east coast.

Like many communities around the country that experienced rapid appreciation, the softening of the market left many home owners upside down. The downturn in the economy left many of these upside down home owners in positions where they could no longer pay their mortgages and their homes being worth significantly less than what they paid for them.

Home owners in this position are having to go through what is being called the Short Sale process. What happens in this process is many times the owners is already behind on their mortgage and are in a pre-foreclosure stage of the foreclosure process. Often times the banks have not filed foreclosure or are about to file foreclosure.

With a short sale the owner has to go out and find a buyer. Then the seller has to take the offer and send it to the bank the property is financed through. For the seller the short sale process can be very long and stressful. The bank will normally request all of their financial information and will review it to ensure they feel that the current owner can not afford the property.

This process can take any where from 4 to 12 weeks or in some cases longer. Often times the bank decision is based more on what the seller is will to do with the remaining balance, than how qualified the new buyer will be.

Short sales can be very difficult for every one involved. Many banks are beginning to stream line their process and speed it up.

Short Sales in Grande Dunes are more common than ever and are offering get opportunities for buyers looking to get a great deal and are patient enough to wait out the process.

For More information on Grande Dunes Short Sales call

843-997-7555

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Myrtle Beach foreclosures

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Myrtle Beach Short Sales

Myrtle Beach Short Sales