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Foreclosed Condos in Myrtle Beach Area

Myrtle Beach Condo Foreclosures

You can scoop up some good deals with foreclosures, but you won't have as many to choose from as 2 or 3 years ago when the real estate market in Myrtle (and the rest of the US) took a tumble. Check back regularly for the latest foreclosures on condos in Myrtle Beach.

The Foreclosure Process

The foreclosure process begins when the lender files a public default notice, called a Notice of Default or Lis Pendens. Most mortgage companies will only allow a 30 day past due period before they file for repossession. Several things can happen during the foreclosure proceedings:

  • There is a grace period at first, where the owner can refinance or pay the past due amount. This is called the "pre-foreclosure" period. Sometimes the owner can get permission to sell the property now for less than the amount owed. This is known as a Short Sale.

  • When the pre-foreclosure period is over, the banks are forced to sell the property at a auction, or occasionally they will purchase the property themselves, either in an agreement with the borrower, or at the auction. The property is then said to be bank-owned, or an REO Property, which is real estate owned by the mortgage lender. Usually, the auction is held, and other investors step in and get a great deal on the foreclosure property. 

  • Buyers have to be ready to move fast and immediately as soon as you find a foreclosure property you are interested in. An investor offering a cash payment will be favored over one that has to locate financing unless you are pre-approved and the paperwork can be completed quickly. Investigate popular condo resorts ahead of time and choose the ones you're interested in.

Conditions are favorable for home buyers or investors who are looking to purchase Myrtle Beach foreclosure homes or condos as inventory and historic low interest rates combine, making it a great time to purchase. There are many foreclosures in the Myrtle Beach area - let CondoLux's team work to locate the best deal for you so that you can obtain that great deal on a foreclosure home or condo in Myrtle Beach!

See All Condo Foreclusre MLS Listings Here

Condo Foreclosures Listings in the Area

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37 Photos 215 77th Ave. N Myrtle Beach, SC 29572

215 77th Ave. N
Myrtle Beach, SC 29572
The Horizon At 77TH N.
Condo/townhouse

BRMLS# 2022252 / Active
2 br, 2 ba, 1195 Sqft, HOA: $1,081 Monthly
Single Level, Type: Condo, Style: Hi-Rise 7+ Stories

Well-maintained and two-bedroom ocean view unit. This unit is the larger 2 bedroom model. The kitchen features a breakfast bar with granite counter... 

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$174,900
Provided courtesy of Century 21 The Harrelson Group
40 Photos 2006 N Ocean Blvd. Myrtle Beach, SC 29577

2006 N Ocean Blvd.
Myrtle Beach, SC 29577
Breakers Resort
Condo/townhouse

BRMLS# 2023701 / Active
1 br, 1 ba, 572 Sqft, HOA: $690 Monthly
Single Level, Type: Condo, Style: Hi-Rise 7+ Stories

 

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$159,900
Provided courtesy of Wise Realtors
39 Photos 2000 N Ocean Blvd. Myrtle Beach, SC 29577

2000 N Ocean Blvd.
Myrtle Beach, SC 29577
Camelot By The Sea
Condo/townhouse

BRMLS# 2022672 / Active
1 br, 1 ba, 604 Sqft, HOA: $565 Monthly
n/a, Type: Condo, Style: Hi-Rise 7+ Stories

FULLY FURNISHED DIRECT OCEAN FRONT 1BR/1BA condo at the popular Camelot By The Sea Themed Resort!!! This unit offers two queen beds with plenty of ... 

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$129,900
Provided courtesy of Wise Realtors
9 Photos 161 Seawatch Dr. Myrtle Beach, SC 29572

161 Seawatch Dr.
Myrtle Beach, SC 29572
Seawatch South Twr 2 - Mb Arcadi
Condo/townhouse

BRMLS# 2014801 / Active
1 br, 1 ba, 450 Sqft, HOA: $467 Monthly
Single Level, Type: Condo, Style: Hi-Rise 7+ Stories

Located in the secluded Arcadian section of Myrtle Beach, Seawatch is surrounded by residential real estate. This unit is on the 9th floor and is ... 

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$129,900
Provided courtesy of BRG
30 Photos 1605 S Ocean Blvd. Myrtle Beach, SC 29577

1605 S Ocean Blvd.
Myrtle Beach, SC 29577
Palace, The
Condo/townhouse

BRMLS# 1906247 / Active
2 br, 2 ba, 875 Sqft, HOA: $797 Monthly
Single Level, Type: Condo, Style: Hi-Rise 7+ Stories

Two bedroom two bathroom split floor plan with two ocean view balconies and is conveniently located on the first floor. This is the closest to the... 

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$110,000
Provided courtesy of RE/MAX Southern Shores
20 Photos 2710 S South Ocean Blvd. Myrtle Beach, SC 29577

2710 S South Ocean Blvd.
Myrtle Beach, SC 29577
La Mirage
Condo/townhouse

BRMLS# 2020639 / Pending Contingent On Financing
1 br, 1 ba, 1 ½ ba, 600 Sqft, HOA: $170 Monthly
Single Level, Type: Condo, Style: Mid-Rise 4-6 Stories

Don't miss this opportunity to own your direct, unobstructed view of the beautiful Atlantic Ocean in this second row, corner top floor condo on Oce... 

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$109,900
Provided courtesy of Beach Destinations Realty
26 Photos 4845 Meadowsweet Dr. Myrtle Beach, SC 29579

4845 Meadowsweet Dr.
Myrtle Beach, SC 29579
Bay Meadows
Condo/townhouse

BRMLS# 2024608 / Active
3 br, 2 ba, 1600 Sqft, HOA: $325 Monthly
Single Level, Type: Condo, Style: Low-Rise 2-3 Stories

An amazing opportunity to own a large 3 bedrooms / 2 full baths, first floor, end unit condo at the beautiful community of Bay Meadows. This 1,600 ... 

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$95,000
Provided courtesy of CENTURY 21 Broadhurst & Associ

Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. © Copyright 2019 of the Coastal Carolinas Association of REALTORS® MLS. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website.
MLS IDX data last updated on 01-17-2021 11:33 PM EST.

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Myrtle Beach Real Estate Market Improving Slowly
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6 Mistakes To Avoid As A Home Buyer
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Selling Tip: How to Show Your Home to Buyers
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Recent Posts

5 Great House Hunting Tips When Buying a Home
Sun, Mar 1st 2015 3:39 pm

Myrtle Beach Real Estate Market Improving Slowly
Mon, Jan 19th 2015 11:00 am

6 Mistakes To Avoid As A Home Buyer
Thu, Jan 1st 2015 3:10 pm

Selling Tip: How to Show Your Home to Buyers
Sat, Dec 6th 2014 1:25 pm

Tips For Home Sellers – High Quality Listing Photos Are Essential
Fri, Dec 5th 2014 4:35 pm

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