James Island Real Estate News: Mortgage Scams in Crosshairs

Federal and state officials are cracking down on mortgage modification scams, accusing scam artists of preying on desperate homeowners caught up in the nation’s mortgage crisis. Government officials said that scammers are taking advantage of borrowers in danger of defaulting by changing their upfront fees of $1000 to $3000 for help with loan modifications that rarely pay off. James Island Real Estate holders are asked to be wary of any calls or letters touting instant credit and loan modification cures.

These frauds often come from official sounding names using Obama administration efforts to help modify and refinance 7 million to 9 million mortgages nationwide.

To read the full article from the Post and Courier:
http://www.charleston.net/news/2009/apr/07/mortgage_scams_crosshairs77804/

For More information on James Island Real Estate or Long-Term Rentals contact Jay Tracey Broker/Owner of Exit Realty The Tracey Group.

James Island Real Estate Market Sales Report April 9, 2009

AREA	SALES	AVG PRICE	MED PRICE	% OF LIST	DAYS ON MARKET	HOMES FOR SALE
West Ashley	21	$201,135	$216,923	97.17%	128	790
James Island	3	$226,697	$179,900	98.27%	167	506
Folly Beach	0	$0	$0	0.00%	0	299
Johns Island	2	$182,000	$182,000	101.17%	56	317

James Island Real Estate for Sale

James Island Real Estate for Sale - Homes for Sale in James Island SC. You can also search for homes in these market segments, James Island Entry Level Homes, James Island Median Homes, James Island Upscale Homes, James Island Luxury Homes,and James Island Lots and Land in James Island SC. SC Real Estate for Sale in surrounding towns and communities, such as: Folly Beach, Summerville, James Island, Johns Island, West Ashley, and Charleston SC. Exit Realty The Tracey Group (843) 270-1300.

James Island Entry Level Homes less than $200,000

James Island Median Homes between $200K and $350K
James Island Upscale Homes between $350K an $700K

James Island Luxury Homes priced over $700K
James Island Lots and Land for Sale
Folly Beach Real Estate for Sale

Tags: James Island Real Estate, James Island Homes for Sale, James Island SC, James Island Charleston, James Island News, James Island Real Estate Market, Exit Realty The Tracey Group.

James Island Real Estate - Charleston Network:
Your expert real estate guides for the entire Charleston SC area. We are happy to have you visiting with us at the Charleston Real Estate Network. Providing the most comprehensive real estate site for all of James Isalnd, Folly Beach, and Charleston is our goal. The site is packed with information to help you find the best area for you and your family to reside. Exit Realty The Tracey Group!

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