Atlanta's Closest Beach!
Just 4 1/2 Hours from Downtown Atlanta, GA!
Located just 15 minutes from Historic Savannah
, offering a wonderful, relaxed beach atmosphere and life
style. These vacation rentals and other Tybee Beach properties are great places
to enjoy the ocean and the atmosphere of Tybee Island Beach.
|Get Direction to Tybee Island, GA
The sales staff of Solomon Properties is proficient in helping you find just the
From seaside residences to vacation villas or vacation rental properties!
What is a REO?
(Real Estate Owned)
Real Estate Owned describes a property owned by a lender after a foreclosure and
the lender's subsequent failure to sell at a foreclosure auction. That is, if a
bank forecloses on a property, it attempts to sell the property at an auction for
an amount at least equal to the outstanding loan and associated fees. If it fails
to do this (usually because the market value of the property is less than the outstanding
loan), the property becomes real estate owned. The bank then attempts to sell the
property at whatever price it can find. Real estate speculators often seek out real
estate owned property because they can sometimes buy it for less than the market
What is a Short Sale?
The basic answer to what is a short sale is a short sale is a property that sells
for less than the balance owing on its mortgage. A short sale can be an underwater
home, an apartment building or even vacant land. If there is a mortgage balance
that is greater than the market value of the home, that property is a short sale.
What is a Foreclosure?
A foreclosure property is a home in foreclosure -- when a notice of default has
been filed in the public records. It means the owner has stopped making mortgage
payments and the lender has given notice that unless the payments are brought up
to date, it will sell the property to the highest bidder.
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