Hilton Head home sites and lots that are in foreclosure are parcels of land specifically for building homes now or in the future. They can be absolutely fantastic buys! The process is much less complicated than a short sale because they are owned by the bank. When your Realtor puts the offer in, you're only dealing with 1 owner and that is the bank, itself. They can normally close in a fairly timely fashion after it receives clear title with no liens or other mortgagees.

Because of the economical situation that has occurred over the last 2 years, there are some great Hilton Head Island foreclosed lots for sale. The carrying cost on home sites is much less than a home or condo, plus the taxes are considerably less. There are homesites in foreclosure here on the Island and on the mainland and in some very "high end" gated communities. Some homesites that sold for the low $300's back in 2005 are now bank owned properties, believe it or not, being sold for as little as $10,000! How can you go wrong buying land in the Hilton Head Island area for that? With the demand for housing in our area, the quality of living in the Low Country, our beautiful weather, the proximity to one of the most beautiful beaches on the entire east coast, Hilton Head Island land foreclosures is a great opportunity.