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

202  70Th Avenue North #801 Ph Myrtle Beach, SC 29572

202 70Th Avenue North #801 Ph
Myrtle Beach, SC 29572
St clements

MLS# 1522330 / Active
4 br, 3 ba, 1 half bath, 0 sqft
8th floor, unit loc: Ocean Front

A true fixer upper 4 bedroom, 3.5 bath penthouse condo! what a wonderful opportunity for you to own an ocean front unit in this uniquely shaped oce... 

$610,000 Condo/Townhouse
Increase +$60,000
Provided courtesy of Beach & Forest Realty
3805 S Ocean Blvd ##204 North Myrtle Beach, SC 29582

3805 S Ocean Blvd ##204
North Myrtle Beach, SC 29582
Windy hill dune

MLS# 1523127 / Active
3 br, 3 ba, 1550 sqft
2nd floor, unit loc: Ocean Front

Lovely 3 bed / 3 bath direct oceanfront 2nd floor at the windy hill dunes. condo is very bright and cherrie. unit is in excellent condition 28 foo... 

$299,900 Condo/Townhouse
Reduced -$20,000
Provided courtesy of Beachcomber Realty
107 S Ocean Blvd Unit 1002 Myrtle Beach, SC 29577

107 S Ocean Blvd Unit 1002
Myrtle Beach, SC 29577
Oceans one south tower - myrtle

MLS# 1520889 / pending contingent on financing
3 br, 3 ba, 1500 sqft
10th floor, unit loc: Ocean Front

3br 3ba in oceans one's spectacular combination of ultra-modern architecture and contemporary decor with panoramic views of the coastal carolina co... 

$289,000 Condo/Townhouse
Reduced -$23,500
Provided courtesy of BHHS Myrtle Beach Real Estate
1700 N Ocean Blvd #701 Myrtle Beach, SC 29577

1700 N Ocean Blvd #701
Myrtle Beach, SC 29577
Atlantica

MLS# 1602498 / Active
2 br, 2 ba, 900 sqft
7th floor, unit loc: Ocean Front, End Unit

Atlantica- 2 bed/2 bath direct ocean front corner unit. fully furnished! amazing view of the sparking atlantic and white sandy beach. being a c... 

$128,900 Condo/Townhouse
Reduced -$5,600
Provided courtesy of Century 21 The Harrelson Group
300 N Ocean Blvd #322 North Myrtle Beach, SC 29582

300 N Ocean Blvd #322
North Myrtle Beach, SC 29582
Avista ocean resort

MLS# 1522258 / pending contingent on financing
1 br, 1 ba, 600 sqft
3rd floor, unit loc: Ocean Front

One of the best resorts at the beach! enjoy direct oceanfront views from this true 1br condo with a full kitchen.property fully furnished, and read... 

$119,900 Condo/Townhouse
Provided courtesy of Dockside Realty Company South
2701 S Ocean Blvd #304 North Myrtle Beach, SC 29582

2701 S Ocean Blvd #304
North Myrtle Beach, SC 29582
Bay watch

MLS# 1605220 / Active
1 br, 1 ba, 650 sqft
3rd floor, unit loc: Ocean Front

Fantastic direct ocean front 1 br/ 1 ba fully furnished unit in desirable bay watch resort. unit is in spectacular condition and offers direct ocea... 

$102,000 Condo/Townhouse
Provided courtesy of RE/MAX Southern Shores NMB
1105 S Ocean Blvd #430 Myrtle Beach, SC 29577

1105 S Ocean Blvd #430
Myrtle Beach, SC 29577
Coral beach

MLS# 1607380 / pending contingent on financing
1 br, 1 ba, 600 sqft
4th floor, unit loc: Ocean Front

This is a great opportunity to own your ocean front piece of paradise or an investment property. coral beach resort offers many amenities and with... 

$96,900 Condo/Townhouse
Provided courtesy of Gibbs Realty & Auction Co.
7200 N Ocean Blvd #123 Myrtle Beach, SC 29577

7200 N Ocean Blvd #123
Myrtle Beach, SC 29577
Long bay resort

MLS# 1605171 / Active
Efficiency br, 1 ba, 400 sqft
1st floor, unit loc: Ocean Front

Oceanfront efficiency that is fully furnished at long bay features a kitchenette with microwave, stove and fridge plus a private balcony. enjoy ... 

$79,900 Condo/Townhouse
Reduced -$5,000
Provided courtesy of Century 21 The Harrelson Group
2310 N Ocean Blvd. #Unit 601 Myrtle Beach, SC 29577

2310 N Ocean Blvd. #Unit 601
Myrtle Beach, SC 29577
Meridian pla

MLS# 1607580 / Active
1 br, 1 ba, 650 sqft
6th floor, unit loc: Ocean Front

Great location! a beautiful 1 bedroom and 1 bathroom condo unit located to all the grand strand has to offer. this corner unit features a cozy livi... 

$76,900 Condo/Townhouse
Provided courtesy of Sloan Realty Group
6900 N Ocean Blvd #123 Myrtle Beach, SC 29577

6900 N Ocean Blvd #123
Myrtle Beach, SC 29577
Caravelle resort

MLS# 1605115 / Active
Efficiency br, 1 ba, 450 sqft
5th floor, unit loc: Ocean Front

Great oceanfront efficiency located on the 1st floor. the view from the patio is just spectacular with the green grass, sand, and then ocean. cara... 

$69,900 Condo/Townhouse
Provided courtesy of Century 21 The Harrelson Group

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Coastal Carolinas Association of REALTORS ® Real estate listings held by brokerage firms other than Condolux Properties, Llc are marked with the Broker Reciprocity logo and detailed information about them includes name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

Information deemed reliable but not guaranteed. © Copyright Coastal Carolinas Association of Realtors®. All rights reserved. Last updated on 04-30-2016 12:35pm est.

Any images related to data from the MLS is the sole property of the MLS and not the responsibility of the owner of this website.