I feel the current huge amounts of foreclosures are due to several factors, and I know what I write now won't cover them all, but for starters no oversight by the federal government on some issues, uncontrolled lending practices, the over leveraging of the opportunity for making money in rising real estate prices. Some (NOT ALL) lenders, loan officers, realtors, appraisers, escrow companies, and title companies attempting to make huge amounts of money underwriting and selling risky loan products,with total disregard to ethics and, in many cases, the law, and borrowers accepting them. People receiving adjustable rate mortgages, just low enough for them to make the payments thinking they would get raises or better employment opportunities in the future, and not only in a lot of cases, did that not happen but because of the depressed economy a lot of people actually got laid off but still had mortgages to pay.... more
I have a lender you can call this weekend 843-819-5270 Gabe with 1st home mortgage that can help. Let him know that Spence refered you, if you need a list of available homes in a particular area let me know and we can get you started in the home buying process.
For Rent to Purchase, Rent with Purchase Options, Rent, and For Sale properties, visit www.schomesellers.com, fill out the VIP Buyers questionnaire, it remains confidential and you';ll know what's available in Summerville.... more