Colleton River Short Sales Real Estate Listings
Like many of the luxury communities on Hilton Head Island and in Bluffton, Colleton River has seen its share of short sales and foreclosures. Unlike foreclosures, short sales are still owned by the homeowner but are being sold for less than their current mortgage. If you are considering purchasing a short sale property, time should be a big consideration. The short sale process tends to longer than the purchase of a foreclosure. Short sales require homeowner approval as well as a third party approval. Still, if you have time on your side, it may be worth looking into a short sale property and if you see a property that interests you, acting quickly is key. Short sales and foreclosures rarely stay on the market for an extended period of time.