For those of you familiar with the Grande Dunes no explanation is necessary.
This beautiful well appointed community is one of the most dynamic master planned communities on the East Coast. Spanning 2200 acres from Intracoastal to Ocean along the Grand Strand of Myrtle Beach this stunning Mediterranean community has World Class amenities in place.
Fashioned after Addison Reserve in Boca Raton FL, Grande Dunes offers an unparalleled choice of single family homes, cottages, villas, and condominiums with Ocean, Intracoastal, Marina, and Golf Course views. The Real Estate activity from January 2009 through February 2010 is a testament to the value offered at Grande Dunes.
During the calendar year of 2009 there was over $50,000,000.00 (fifty million) in Real Estate sales at Grande Dunes. Many of these sales were Short Sales (see below for a description) or REO/Bank Owned Homes. Regardless of the homes status this is a large amount of volume considering the current state of the housing market. Year to date, January 28 2010, there have been 19 properties contracted or sold totaling $10,150,000.00 (ten million one hundred fifty thousand). Don’t miss out on this great buying opportunity.
A short sale in real estate occurs when the debt (mortgage) against a property is greater than what the property can be sold for. Short sales are a way for homeowners and or builders to avoid bankruptcy or foreclosure proceeding by convincing the bank to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than is actually owed. This situation is a great opportunity for Buyers. Many of the property sale prices at Grande Dunes are less than the replacement cost. Meaning you could not rebuild or duplicate the property you just bought for the same amount of money. There has never been a better time to become a home owner at Grande Dunes.
Short Sales may not be the most attractive thing for Sellers, however it is a way to salvage your credit, avoid or reduce the chance of a deficiency judgment, and/or avoid a costly foreclosure. If you are a Grande Dunes homeowner and need short sale help Contact Us now.
Coastal REO Solutions is a troubled asset liquidation company specializing in Short Sales, REO/Bank Owned Sales and Marketing, Property Preservation, Receivership Management, and other aspects of distressed Real Estate. Contact Us if you are a servicing manager, investor, hedge fund professional, lender, or asset manager so we can put our expertise to work for you.
If you are a Buyer or just thinking about purchasing please take advantage of our one touch proprietary search application. It’s free and you do not have to register to use this service.
Coastal REO Solutions 843-839-8046