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In March 2024, ATTOM, a real estate data company owned by the private equity firm Lovell Minnick Partners, reported that South Carolina had the fifth most foreclosures of any state, a 51% increase ...
In Myrtle Beach, homes for sale dropped to record low numbers in 2021 as buyers flooded into the market offering tens of thousands over asking price and waiving due diligence steps such as home ...
The Myrtle Beach area real estate saw a slowdown in 2023 while construction helped drive the market. What will happen in 2024 as more Floridians move here?
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Foreclosure investment refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property.. In real estate, foreclosure is the termination of the equity of redemption of a mortgagor or the grantee in the property covered by the mortgage.
Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...
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