Plantation Lakes is located right off of HWY 501 in Carolina Forest. The community features beautiful custom homes and pond front lots. With the real estate market slowing down Plantation Lakes homes have went down in value. With the decrease in value is not uncommon to see Plantation Lakes Short Sales. A short sale is where the bank allows a property owner to sell for less than what is owed.

Plantation Lakes Foreclosures

Foreclosures in Plantation Lakes have also become more common. With arm loan adjusting and the slow economy foreclosures in Myrtle Beach have been on the rise. Plantation Lakes foreclosures canbe bought for under market value. Many banks are in the situation where the need to sell properties in order to raise capital. and pay back money the have borrowed.

When purchasing a foreclosure or short sale it is best to use an experienced real estate agent.

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Tags: carolina forest, Foreclosures, short sales