According to local real estate gurus, 67% of all property in the county that Myrtle Beach is located are owned as a second home or investment property. So far, there has been no stimulis or bail out planned for these folks. Right now, the President is trying to stop massive foreclosures but only for primary homeowners. Where does that leave the majority of property owners in our county?
Things are not looking very good for these property owners. Prices are falling to 1999 levels in some cases.
I post some great deals on these properties at my real estate website for Myrtle Beach properties and foreclosures at http://www.myrtlebeachdreaming.com
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