Someone, without their own Realtor, who lives in another state decided to buy some investment property in the Myrtle Beach area during the real estate "boom". They found some property in a beautiful new neighborhood and went to their local lender to borrow the money to make the purchase. The local lender was more then happy to lend this person as much as they wanted to borrow, after all they had done business together for years.
Move forward a couple of years as Someone had to take a cut in salary and requested the help of a Realtor to sell the property he had purchased in the Myrtle Beach area. The properties did not sell after a year on the market and Someone was unable to keep making the payments, so Someone went to the local Lender to ask about a Short Sale. The response was that they would accept a short sale price, but when a full short sale asking price offer came in months later on the property no one at Someone's local lender would respond by phone or physically went he went into their building.
As of today the lender has not responded or even tried to make contact, so Someone is sure his friendly neighborhood lender has put his property into foreclousre.
SANDY KELLER, ABR, SFR, e-PRO, REALTOR
Myrtle Beach Real Estate Retirement and Real Estate Near Myrtle Beach
