Columbia’s Real Estate Buzz: Upcoming Foreclosure Sales
Columbia, SC – Mark your calendars! On Monday, December 2, 2024, the Richland County Central Court will be buzzing with activity as several properties go under the hammer in a series of foreclosure sales. Starting at 12:00 PM, potential buyers will have the chance to bid on various residential properties, which could be the opportunity of a lifetime for investors or those looking for a new home.
What’s on the Auction Block?
This upcoming sale features a multitude of properties, all of which have been carefully selected by the Master in Equity, Joseph M. Strickland. Each property presents a unique opportunity for the highest bidder. Here’s a sneak peek at a few highlights:
- 106 Hastings Point Drive: This property, situated in the Hastings Point Subdivision, is currently owned by the estate of Frances Johnson. Bidding will start at $XXX, with a 5% deposit required from the winning bidder.
- 1522 Mayer Street: A gem located in the Northeastern suburbs of Columbia, this lot, designated as Lots 197 and 198, is perfect for residential development.
- 3524 Wilmot Avenue: This lot near the City of Columbia promises great value at its upcoming sale. Don’t forget to check out the terms, which include a 4.125% interest rate on the balance of the bid.
- 318 Curvewood Road: This property is part of the Gatewood community and boasts significant potential. With a 5% deposit, interested bidders can make their mark.
Terms of Sale Explained
Now let’s break down what you need to know if you’re planning to bid on one of these properties:
- All bidders (excluding the plaintiff) must show a 5% deposit at the conclusion of bidding. This is to ensure you’re serious!
- No personal or deficiency judgments will be made, meaning successful bidders won’t face surprise costs later on.
- Compliance with the bid will be immediate. So, it’s crucial to have your finances ready to go!
- Interest on unpaid balances will accrue from the date of sale until full payment is made. Ensure you’re clear on these rates!
Stay Informed and Educated
For those interested in these exciting opportunities, it’s wise to perform an independent title examination of any property you’re considering. No warranties are given about the property’s title or its market value, so doing your homework is essential.
Where to Be
All sales will take place at the Richland County Central Court, located at 2500 Decker Blvd., Courtroom 1, Columbia, SC 29206. Please ensure that either the plaintiff’s attorney or their bidding agent is present to finalize the bidding process. If they are not in attendance, the sale may be cancelled, and properties will be rescheduled for future dates.
Final Words
As December 2 rolls around, be prepared for an energetic atmosphere, as bidders try their luck at acquiring a home or a slice of real estate in Columbia. Whether you’re a first-time buyer or a seasoned investor, this sale could be the perfect chance to secure a new property. So, brush up on your bidding strategies and get ready for an exciting day at the courthouse!
Don’t miss this unique opportunity – it could be a decision that impacts your future in a big way!
