| Existing Home Sales Rose 5% in December:
Home sales rose in December to the highest pace in nearly a year. The gain coincides with other signs that show the troubled housing market improved at the end of last year. The National Association of Realtors said Friday that sales increased 5 percent last month to a seasonally adjusted annual rate of 4.61 million, the best level since January 2011 and the third straight monthly increase. Sales are increasing at a time when the market is flashing other positive signs. Mortgage rates are at record-low levels. Homebuilders have grown slightly less pessimistic because more people are saying they might be open to buying a home this year. And home construction picked up in the final quarter of last year. The median sales price rose 2.3 percent to $164,500 in December. |
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What Happened to Rates Last Week?
Mortgage backed securities (MBS) lost -91 basis points from last Friday to the prior Friday which moved mortgage rates upward. |
| What to Watch Out For This Week:
The following are the major economic reports that will hit the market this week. They each have the ability to affect the pricing of Mortgage Backed Securities and therefore, interest rates for Government and Conventional mortgages. I will be watching these reports closely for you and let you know if there are any big surprises: Courtesy of Stephanie Halpin Fairway Mortgage |
Mortgage and Housing sales data update
A Foreclosure purchaser may own nothing.
Problems with a foreclosure case are inherited by the buyer of the property. If liens are missed, the buyer owns the property with liens on it.
In fact, the defects in the foreclosure case can be so big that the buyer may not get ANY interest in the property at all.
Without the title insurance, Buyers have no protections from foreclosure mistakes. Buyers cannot go after the prior owner, the Court or the attorney. They simply must deal with the problems they just inherited. And as I have noticed, the problems keep increasing.
A buyer of one such property was told he had a complete failure of title and could not sell the property because he did not own the property. He sued. The result is below.
“In a much anticipated decision by the Massachusetts Supreme Judicial Court, the court held that a third party purchaser at a foreclosure sale did not hold title to a property that had improperly been foreclosed upon by the foreclosing lender.” – The Legal Description October, 2011
So, after all the time and attorney fees to bring this case to the State Supreme Court, the Buyer still ended up with nothing.
To add to the problem, when buying from a Bank, the closing is often handled by the title agency that performed the foreclosure and missed the liens the first time. They probably won’t catch anything new the second time around.
Make sure Buyers understand the importance of insuring their title. Even if your client is buying the property from someone who bought out of foreclosure or from the Bank, they still want the title insurance.
Nick
Nicholas D. Perrino
Attorney at Law
Prodigy Title Agency
8080 Beckett Center Dr. #318
West Chester, OH 45069
513 870-9070 PH
513 870-9071 FX
www.ProdigyTitle.com
Federal Housing Price Index
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Real Deals weekly update: Colorado, Florida, South Carolina
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| 2925 Carriage Row Lane – 122 122, Myrtle Beach, SOUTH CAROLINA 29577 | |||
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Price: $69,900 Bedrooms: 2 Bathrooms: 1.00 Partial Baths: 1 |
Great opportunity to own home in Myrtle Beach. Either private residence, investment property or for those that want a second home close to where the action is in Myrtle Beach. Th | View Details Save Property |
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Listing courtesy of Beth Ross of Carolina Pines Realty
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Real Estate Daily: Foreclosure list
| 616 37TH AVENUE NORTH 616E, Myrtle Beach, SOUTH CAROLINA 29577 | |||
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Price: $44,900 Bedrooms: 2 Bathrooms: 1.00 Partial Baths: 1 |
Townhouse siutuated in the heart of the city limits with no HOA fees. Perfect first time home with homepath financing available. | View Details Save Property |
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Listing courtesy of Blake Sloan of Sloan Realty Group
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| 1600 S Ocean Blvd 308, Myrtle Beach, SOUTH CAROLINA 29577 | |||
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Price: $46,000 Bathrooms: 1.00 |
Great Location in the heart of Myrtle Beach. This second row efficiency has a full kitchen , ceramic tile floors and makes the perfect second or rental property. Owner financing av | View Details Photo Gallery (4) Save Property |
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Listing courtesy of Stacey Campbell of RE/MAX Town & Country MB
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| 201 N 75th Ave N 4091, Myrtle Beach, SOUTH CAROLINA 29572 | |||
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Price: $49,900 Bedrooms: 1 Bathrooms: 1.00 Partial Baths: 1 |
ENJOY THE AWESOME OCEAN VIEWS FROM YOUR OCEAN VIEW BALCONY OF THIS NICELY APPOINTED CONDO CONVEYS FULL FURNISHED AND FEATURES A MURPHY BED AND SLEEPER SOFA. RESORT AMENITIES HAVE | View Details Save Property |
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Listing courtesy of Bradley Bennett of Ocean Front Guru Real Estate
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| 8127 Shady Grove Road, Myrtle Beach, SOUTH CAROLINA 29588 | |||
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Price: $35,000 Bedrooms: 3 Bathrooms: 2.00 |
Located centrally on 707, this 3 Bedroom 2 bath is in the quietLaurel Woods community. | View Details Save Property |
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Listing courtesy of Alicia Altman of The Hoffman Group
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| 1105 S South Ocean Blvd 554, Myrtle Beach, SOUTH CAROLINA 29577 | |||
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Price: $43,900 Bathrooms: 1.00 |
One look and you’ll know why Coral Beach was rated “Best Family Accommodations in Myrtle Beach” by the Travel Channel. With all there is to do at thisfabulous resort–multiple pool | View Details Save Property |
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Listing courtesy of Alicia Altman of The Hoffman Group
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©2011 Coastal Carolinas Association of REALTORS® MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Watermark Real Estate Group are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified
New Listings
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New real estate deals! Mountain and Ocean foreclosures!
There are 2 New Listings on the market today that match your parameters.
Click Here to View All Matching Properties
New Listings
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Saved Search # 1 – (9 Results)
Only the first 5 results are shown. To view all results, click this link
Only the first 5 results are shown. To view all results, click this link
| 6803 N OCEAN BLVD, UNIT 126 126, Myrtle Beach, SOUTH CAROLINA 29572 | |||
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Price: $39,000 Bathrooms: 1.00 |
Approved for Homepath financing. Excellent location and easy access to the amenties from the first floor. Unit needs some cosmetic work to suit but priced to suit. | View Details Save Property |
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Listing courtesy of Blake Sloan of Sloan Realty Group
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| 200 76th Avenue North 411, Myrtle Beach, SOUTH CAROLINA 29572 | |||
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Price: $59,900 Bedrooms: 1 Bathrooms: 1.00 |
View the ocean from this 1BR/1BA nicely furnished condo at Carolina Winds, an oceanfront building. Carolina Winds hosts an outdoor pool and jacuzzi, indoor pool and indoor kiddie p | View Details Save Property |
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Listing courtesy of Tamara Reid of Ocean Breeze Properties, LLC
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| 2100 Highway 15 Lot 36, Myrtle Beach, SOUTH CAROLINA 29577 | |||
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Price: $18,500 Bedrooms: 2 Bathrooms: 2.00 |
Beautiful 2/br -2/bth in the Heart of Myrtle Beach- Short Golf Cart ride to the Ocean.Centrally Located one mile to Coastal Grand Mall, Airport, Market Commons and Broadway at the | View Details Save Property |
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Listing courtesy of John Ebbert of Carolina Pines Realty
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| 2005 Greens Blvd F-204 F-204, Myrtle Beach, SOUTH CAROLINA 29577 | |||
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Price: $32,900 Bedrooms: 2 Bathrooms: 2.00 |
Wonderful oppportunity to own close to everything Myrtle Beach has to offer! Some light work is required to bring this unit back to it’s original luster…. | View Details Save Property |
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Listing courtesy of Marc Speranzi of Dockside Realty
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| 2005 Greens Blvd F-203 F-203, Myrtle Beach, SOUTH CAROLINA 29577 | |||
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Price: $32,900 Bedrooms: 2 Bathrooms: 2.00 |
Wonderful opportunity to own close to everything Myrtle Beach has to offer! Bring your paint brush and some light tools to make this unit look brand new again…. | View Details Save Property |
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Listing courtesy of Marc Speranzi of Dockside Realty
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©2011 Coastal Carolinas Association of REALTORS® MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Watermark Real Estate Group are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. |
Updated Foreclosure Listings! Ocean, Gulf and Mountain properties!
Only the first 5 results are shown. To view all results, click this link
| 208 Castle Drive, Unit 1376 1376, Myrtle Beach, SOUTH CAROLINA 29579 | |||
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Price: $52,900 Bedrooms: 2 Bathrooms: 2.00 |
Square footage is approximate and not guaranteed. Buyer is responsible for verification. | View Details Save Property |
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Listing courtesy of Roger Fouch of Coldwell Banker Chicora CF
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| 1290 St. George Lane B, Myrtle Beach, SOUTH CAROLINA 29588 | |||
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Price: $65,900 Bedrooms: 2 Bathrooms: 2.00 |
Beautiful, fully furnished, two bedroom, two bath end unit overlooking a Conservation area at the side windows and a fully landscape buffer of trees off the screened back deck whic | View Details Save Property |
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Listing courtesy of Jim Neely of CENTURY 21 Broadhurst & Associ
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| 521 White River Dr E, Myrtle Beach, SOUTH CAROLINA 29579 | |||
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Price: $41,900 Bedrooms: 1 Bathrooms: 1.00 |
Look Look Look!! Price Just Reduced!!! New Paint through out! Golf Course view 1 Bed/1 Bath Condo in nice community. Indoor/outdoor pool. Tennis courts. Close to shopping, airport | View Details Photo Gallery (7) Save Property |
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Listing courtesy of Scott Hughes of Buyer’s Agency Realty
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| 2504 S OCEAN BLVD, Unit 406 406, Myrtle Beach, SOUTH CAROLINA 29577 | |||
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Price: $9,999 Bathrooms: 1.00 |
Walking distance to the beach, tremendous value. Perfect efficiency condo close to everything in downtown Myrtle Beach. | View Details Save Property |
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Listing courtesy of Blake Sloan of Sloan Realty Group
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| 3693 Claypond Village 6, Myrtle Beach, SOUTH CAROLINA 29579 | |||
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Price: $35,000 Bedrooms: 2 Bathrooms: 2.00 |
Perfect for first time homebuyer with as little as 3% down or a perfect 2nd home or rental property. 2nd floor unit in above average condition with remaning appliances. | View Details Save Property |
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Listing courtesy of Blake Sloan of Sloan Realty Group
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©2011 Coastal Carolinas Association of REALTORS® MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Watermark Real Estate Group are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
There are 1 New Listings on the market today that match your parameters.
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Monday Morning Real Estate Deals!
| 3762 CITATION WAY 1028, Myrtle Beach, SOUTH CAROLINA 29577 | |||
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Price: $85,000 Bedrooms: 3 Bathrooms: 2.00 |
VERY SPACIOUS THREE BEDROOM TWO BATH CONDO OVERLOOKING SMALL LAKE CENTRALLY LOCATED INMYRTLE BEACH AND VERY CLOSED TO THE OCEAN ANDBROADWAY AT THE BEACH. THIS UNIT HAS VERY NICE | View Details Save Property |
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Listing courtesy of Mike Thompson of Century 21 Hawkeye Realty
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| 401 Tree Top Court C, Myrtle Beach, SOUTH CAROLINA 29588 | |||
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Price: $44,800 Bedrooms: 1 Bathrooms: 1.00 |
For additional information about this property, please fill out the Request More Information form. | View Details Save Property |
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Listing courtesy of Donald Alexander of Century 21 Coastal Lifestyles
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| 6850 KING ARTHUR DR 103, Myrtle Beach, SOUTH CAROLINA 29588 | |||
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Price: $55,000 Bedrooms: 2 Bathrooms: 2.00 |
THIS IS A FIRST FLOOR TWO BEDROOM CONDO IN A GATED GOLF COURSE COMMUNITY WITH LOTS OF AMENITIES INCLUDING POOL, TENNIS, GOLF AND CLUBHOUSE. THERE IS A SCREENED PORCH OVERLOOKING A | View Details Save Property |
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Listing courtesy of Mike Thompson of Century 21 Hawkeye Realty
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©2011 Coastal Carolinas Association of REALTORS® MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Watermark Real Estate Group are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
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Foreclosures deals keep getting better: Sarasota, Florida
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| New Listings for your Search Search Title, has 2 results. | |||||
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Daily Real Estate Deal Update: Myrtle Beach South Carolina
| 3741 BLOCKHOUSE WAY 717, Myrtle Beach, SOUTH CAROLINA 29577 | |||
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Price: $69,900 Bedrooms: 1 Bathrooms: 1.00 |
LIKE NEW- NEVER USED 1 BR/1BA UNIT- PRICED TO SELL- CLOSE TO BEACH & ALL AREA ATTRACTIONS. COMMUNITY OFFERS POOL, HOT TUB, CLUBHOUSE, FITNESS ROOM, & GRILLING AREA. | View Details Save Property |
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Listing courtesy of Gregory Harrelson of Century 21 The Harrelson Group
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| 2001 S Ocean Boulevard Unit 1014 1014, Myrtle Beach, SOUTH CAROLINA 29577 | |||
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Price: $48,500 Bedrooms: 1 Bathrooms: 1.00 |
Beautiful! A rated, corner unit that comes fully furnished! Wonderful resort with pools in & out, on-site rental, great common areas and conveniently located to area attractions an | View Details Save Property |
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Listing courtesy of Christopher Hanna of Coldwell Banker Chicora Briar
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| 212 DOUBLE EAGLE DR, Unit G-2 G-2, Myrtle Beach, SOUTH CAROLINA 29575 | |||
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Price: $50,000 Bedrooms: 2 Bathrooms: 2.00 |
As big as a house. Very spacious with high ceilings and skylights. This place is move in ready with a fresh coat of painted needed to suit. Relax on your balcony and call this your | View Details Save Property |
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Listing courtesy of Blake Sloan of Sloan Realty Group
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| 713 N 67TH AVENUE G, Myrtle Beach, SOUTH CAROLINA 29572 | |||
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Price: $29,900 Bedrooms: 2 Bathrooms: 1.00 Partial Baths: 1 |
2BR/1.5BA “HANDYMAN SPECIAL”. TO BE SOLD STRICTLY “AS IS”. BUYER IS RESPONSIBLE FOR VERIFICATION OF ALL DATA. | View Details Photo Gallery (6) Save Property |
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Listing courtesy of Laura Garlitz of Century 21 The Harrelson Group
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| 2452 Gasque Lane, Myrtle Beach, SOUTH CAROLINA 29577 | |||
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Price: $42,900 Bedrooms: 3 Bathrooms: 2.00 |
Beach Living At It’s Finest! Centrally Located one mile to Coastal Grand Mall, Airport, Market Commons and Broadway at the Beach.Two miles to the Ocean. Large 3 Bedroom Home with 2 | View Details Save Property |
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Listing courtesy of John Ebbert of Carolina Pines Realty
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©2011 Coastal Carolinas Association of REALTORS® MLS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Watermark Real Estate Group are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. |
