Looking for a great deal on a new home? You've come to the right place! We have links to bank owned, foreclosed and repo homes for sale in Summerville, Charleston, Daniel Island, Mt Pleaseant and the surrounding tri-county area.

I also have a link to the top 20% bargain priced homes in Summerville & Charleston which includes listings in all price ranges and condition.

Foreclosure...Short Sale...Bank Owned... These types of sales are the result of a seller not being able to make their house payment.  Not every situation where the seller cannot make their payments represents a good opportunity for a buyer, so it's important to know the difference.  A "short sale" exists when the seller is having trouble making their payments and needs to sell the house for an amount that may be less than what they owe the bank. The seller may have taken out a second mortgage just before the market began to decline.  Or they may have bought at the top of the market and now the market value of the home is less than when it was purchased. Whatever the reason, a short sale is a way to avoid foreclosure. These deals represent a risk to the buyer because even thought the seller and the buyer may agree on the price and terms of the sale, there is no guarantee that the bank will agree to the short sale. Short sales are especially risky when there is more than one bank involved. Short sales can take 45-90 days or more to close-if they ever do close.  Buyers who need to be in a home within 60 days may want to steer clear of short sale homes.

 "Bank Owned" or "Lender Owned" or "REO" properties are houses that have been through the foreclosure process, all liens have been removed, the title to the property is clear, and the bank now owns it.  These properties often represent very good opportunities for buyers to get a great deal---in general, banks do not want to keep these homes on their balance sheets and may agree to a low price in order to get the house off their books.  These sales can typically close quickly once the contract has been ratified because all the preliminary work has been done.  With bank-owned properties on the increase, realtors are finding banks easier to work with than they have been in the past.

Go to www.MulliganTeam.com to find a link to bank owned properties in the Charleston metro area.