SSI Deals Newsletter: St Simons Foreclosure Update
Are Foreclosures Going to Return? Some might but not like 2008, here’s why we think its a different time… Forbearance is ending, but Biden administration aims to reduce monthly payments by up to 25% for those with federally backed mortgages who are at the end of forbearance. WSJ Article.….
SSI Deals Newsletter: Sea Palms Update, Price Reduction on SSI
It is still a crazy market and we are just not finding deals like we used to find out there. That’s why we are only giving you periodic market updates rather than a weekly deals newsletter. The good news is that flips and renovations can still get you a below market end product. A lot […]
St. Simons Today
The story of St. Simons real estate has changed dramatically in 10 years…10 years ago it was foreclosures and bountiful inventory. Today we are chasing houses, prices are going up and offers are going into multiples. . . .
Houses Sold in East Beach
On East Beach, we sold 18 of the 56 homes sold in 2020. With only 10 available listings today, East Beach inventory is at its lowest point since before 2008 making it one of the most challenging times to find deals….