May
02nd
2010
Myrtle Beach Home Path Approved Properties
Posted By: Jason Morris In: Myrtle Beach Real Estate
Tags: foreclosures, homepath
As you already know the real estate market across the country is slow, Myrtle Beach is no exception. The number of foreclosures in Myrtle Beach are higher than they have ever been.
The good news is a lot of the banks are pricing properties to sell. Most banks are trying to move bad debt off their balance sheets as quickly as possible.
The bad news is financing is tough. A few years ago a good credit score was really all you needed and if you had a little cash to put down, your credit didn't have to even be that great.
Now days financing options are a lot more limited. The banks wants to see that you have a downpayment, a secure income, payment reserves incase you loose your job and the...
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