Hilton Head Foreclosure Listings

With a foreclosure, once all avenues for repayment of debt are exhausted, the lender reclaims the property and, in turn, becomes the owner of that property. Of course, there is a legal process to which the lender must adhere, but once concluded, ownership is theirs. The new owner is usually a corporation or bank and has only financial ties to the dwelling; they have little, if any, first-hand knowledge regarding the property’s particulars.

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	Description	Listing Information
Listing 1 of 500
	21 Painted Bunting Rd City: Hilton Head Island Area: Sea Pines On 1 1/2 lots. 135' fronts the ocean. Much larger lot than almost all other lots PLUS on one of	List Price: $4,200,000 MLS: 306730 Bedrooms: 4 Bath: 5 / Half Baths: 1 Sq. Ft. 5310 approx. Short Sale: Yes More Info...
Listing 2 of 500
	26 CARTERS MANOR City: Hilton Head Island Area: Forest Beach SPECTACULAR OCEANFRONT VIEWS GO ON FOREVER! 2 HEATED POOLS & 3 HOT TUBS! FURNISHED TO A LEVEL RARELY SEEN! CARRIAGE	List Price: $3,995,000 MLS: 300952 Bedrooms: 8 Bath: 9 Sq. Ft. 5122 approx. Short Sale: Yes More Info...
Listing 3 of 500
	132 Forest Grove Rd City: Hampton Area: Hampton County Infamous Forest Grove Plantation. Comprised of six tracts which total approximately 700 acres. 32 Stall 13,054 sq. ft horse barn	List Price: $3,203,892 MLS: 312408 Bedrooms: 3 Bath: 2 Sq. Ft. 2500 approx. Foreclosure: Yes More Info...
Listing 4 of 500
	2 Grand Ct City: Bluffton Area: Hilton Head Plantation 1.3 ACRES at Grandview Area of Skull Creek. 12 Townhome lots already approved. All	List Price: $2,500,000 MLS: 313421 Acreage: approx. Zoning: Residential Short Sale: Yes More Info...
Listing 5 of 500
	34 Widewater Rd City: Hilton Head Island Area: Spanish Wells This stunning home, inspired by a stately Louisiana plantation home, is blessed with the perfect Southeastern exposure with afternoon breezes.	List Price: $2,495,000 MLS: 304708 Bedrooms: 5 Bath: 5 / Half Baths: 2 Sq. Ft. 7000 approx. Short Sale: Yes More Info...
Listing 6 of 500
	102 Baynard Cove City: Hilton Head Island Area: Sea Pines Sophisticated & elegant 6 BR,5 BA,2 HBA home located on a premier Harbour Town lot with views of the 11th	List Price: $1,974,999 MLS: 306283 Bedrooms: 6 Bath: 5 / Half Baths: 2 Sq. Ft. 5917 approx. Short Sale: Yes More Info...
Listing 7 of 500
	7 Baynard Park Road City: Hilton Head Island Area: Sea Pines Beautiful custom built 5 bedroom home on large Baynard Park lot overlooking lagoon, elevator, heated pool - master suite with	List Price: $1,496,000 MLS: 307572 Bedrooms: 5 Bath: 5 Sq. Ft. 5104 approx. Short Sale: Yes More Info...
Listing 8 of 500
	8 Second St City: Hilton Head Island Area: Hh/off Plantation SOMEONE IS GOING TO GET A STEAL! This is a foreclosure in perfect condition. This beachside mansion offers over 5500	List Price: $1,399,000 MLS: 309437 Bedrooms: 6 Bath: 6 / Half Baths: 1 Sq. Ft. 4478 approx. Foreclosure: Yes More Info...
Listing 9 of 500
	7 Night Harbour City: Hilton Head Island Area: Palmetto Dunes/shelter Cove 2nd ROW OCEAN VIEW! Overlooking the signature holes (10 & 11) of the Robert Trent Jones course, this 2nd row	List Price: $1,350,000 MLS: 312034 Bedrooms: 5 Bath: 4 Sq. Ft. 3054 approx. Short Sale: Yes More Info...
Listing 10 of 500
	24 Oyster Shell City: Hilton Head Island Area: Hilton Head Plantation Short-sale. Direct waterfront home. In excellent condition. Totally redone in the last year. The kitchen won the Lighthouse Award for	List Price: $1,295,000 MLS: 308297 Bedrooms: 4 Bath: 3 / Half Baths: 1 Sq. Ft. 3935 approx. Short Sale: Yes More Info...

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Unlike the typical real estate transaction whereby the seller and purchaser communicate via their Realtor about the essentials and specifics of the home, a foreclosure purchase is often sterile, with little information released by the lender. While the purchaser is saving money (oftentimes a great deal of money), he is also accepting a property “as is”.

With Hilton Head foreclosures, many times the property was architecturally deficient from the start; however, during the boom, buyers were willing to overlook such defects in an attempt to get into the market. More often than not, these were the properties didn’t sell at all (hence, their being foreclosed upon). In today’s climate, with excess inventory from which to choose, purchasers are not willing to accept faulty floor plans, flawed exteriors and poor design.

It is imperative that purchasers of foreclosed property have an experienced Realtor to guide them through the process of repairs and/or renovations, as many foreclosed properties were either abandoned or neglected for significant periods due to the owner’s inability or inconsideration, once in default, to maintain the home.

Your Realtor’s experience and knowledge are imperative—as money saved in the contract price can be easily depleted during the process of bringing the property up to standards. Your Realtor must have full comprehension and a strong personal knowledge of both Town building codes and plantation ARB architectural aesthetics.

I have participated in numerous foreclosure sales, the most recent closings occurring in Forest Beach and Sea Pines. I have built numerous properties for myself, for pure investment (short-term rental), for primary use and to sell for profit. I am keenly aware of both code and of what is salable in today’s market. Call me if you are interested in pursuing the purchase opportunity of foreclosed property on Hilton Head Island.

Hilton Head Island Short Sales

A short sale occurs when the lender (mortgagee) allows the borrower (mortgagor) to sell the property for less than the outstanding balance of the mortgage loan. In turn, the borrower turns over the proceeds of the sale to the lender.

While it allows the borrower to avoid a more costly and time-consuming foreclosure, it does not, however, release the borrower from the obligation to pay the balance of the loan, also known as the deficiency. The deficiency is not extinguished (unless it is clearly indicated on the Offer of Acceptance by the lender). While lenders may forgive the deficiency, other lien-holders likely will not. Accordingly, short sales remain on a credit report for 7 years.