Myrtle Beach Real Estate and Condos

Thursday, January 17, 2008

Myrtle Beach Real Estate Websites

We have several new websites and updates to the regular sites to announce.

A brand new site about 1031 Exchange is up and running at http://www.1031commercial.com/. It's not complete. We are conferring with Doug Clayton, my partner and a 20 year veteran experienced in the field, to see what he feels is the most helpful information to put on the site, and to better coordinate it with his company.

The IDX and MLS listings for condos in Myrtle Beach (http://www.myrtlebeachcondos.net/) is coming along very well, and we are getting what few bugs remain, ironed out. The Personal Condo Locator, or Automated Myrtle Beach MLS Emailer is proving to be VERY popular. We are getting quite a few signups and inquiries from interested buyers. The Coastal MLS was extremely messy, with multiple duplications and mis-spellings that we are working through.
If you are interested in browsing through our homes for sale, be sure and check it out.


Condos in Myrtle Beach


An older site, New Myrtle Beach Resorts is being re-designed and we will have new featured properties on there. We have a small hotel in Myrtle Beach that we need some long term rentals for, and several beach houses that we'd like annual renters in. We'll be listing them and hopefully getting some interested applicants.

We are trying to decide exactly what to do about a general Myrtle Beach real estate site. For right now we are still thinking about the Homestore site. It's not a definate decision, though.

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Monday, January 14, 2008

Avoiding Foreclosure

From our local CBS tv station, WBTW
Monday, Jan 14, 2008 - 06:35 PM

By Michelle Carolla
E-mail Biography

Across the country the foreclosure rate remains high. If you're facing foreclosure, there are options. It may seem like there's nothing you can do if you're multiple months behind on your home mortgage payments. Fortunately, you can possibly fix the problem with a little help.

We asked mortgage advisor Bill Blackburn of Myrtle Beach for some advice. He said the most important thing you can do is address the problem.

“If you're not responding to the letters, you're not responding to the phone calls, what is a lender to do? They're going to turn it over to the collection department,” said Blackburn. The collection department is going to turn it over to an attorney." This will tack on attorney fees and more penalties.

Some of the options to avoid foreclosure include:

Reinstating your loan--This is paying your past due amount in a lump sum.

Forbearance--This allows you to delay payments for a short time.

Repayment--can allow you to catch-up by adding a dividing the past due amount and adding to new payments.

Along the Grand Strand area, foreclosures are mainly affecting the investor market. The average home price is also holding steady at $271,000 dollars and not falling like many areas of the country. Even with homes staying on the market longer, industry experts say the resort area status is once again helping the grand strand.

If your loan is with the Veterans Association or HUD, they offer counseling services that will look at your particular situation.

VA Regional Loan Centers-- 1-800-827-1000

You may receive mail or calls from companies looking to buy your house or loan. Make sure to check them out thoroughly with the Better Business Bureau and ask for references.

The other fallout of the foreclosure market is bad credit. Non-profit credit counseling agencies can assist you with repairing your credit.
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If you are interested in finding foreclosures in Myrtle Beach or attending a real estate auction, visit our website for Myrtle Beach Real Estate for Sale.

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