The Hilton Head area real estate market has been incredibly successful over the past several years as it is recovering from the Great Recession. Rather surprisingly last year was the strongest EVER IN HISTORY for Hilton Head area home sales! I say “surprisingly” because who would have expected 2013 to be the all-time record for home sales; yet it was. Not only that, but statistics show that this year's home sales market is on pace for another newsworthy showing. One of the primary causes for 2014’s success is the rapid decrease in distressed sales, foreclosures and short sales, which suggests that the area's overall real estate market is settling in for an era of prosperity and stability.

What Exactly is a Distressed Sale?

You may be unfamiliar with…

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