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

8500  Margate Circle #1806 Myrtle Beach, SC 29572

8500 Margate Circle #1806
Myrtle Beach, SC 29572
Margate tower

MLS# 1513347 / pending contingent on financing
2 br, 2 ba, 1900 sqft
18th floor, unit loc: Ocean Front

Large 2br/2ba oceanfront unit in margate towers. beautiful views of the atlantic ocean and apache pier. to be sold strictly as is. buyer is respon... 

$449,900 Condo/Townhouse
Reduced -$44,110
Provided courtesy of Century 21 The Harrelson Group
201 S Ocean Blvd #1310 North Myrtle Beach, SC 29582

201 S Ocean Blvd #1310
North Myrtle Beach, SC 29582
Ocean bayclub

MLS# 1412583 / Active
4 br, 3 ba, 1650 sqft
13th floor, unit loc: Ocean Front, End Unit

Beautiful, upscale, 4 bedroom, 3 bath direct oceanfront unit-south end unit, for the best views!!! brand new stainless steel (smudgeproof) side by... 

$359,900 Condo/Townhouse
Provided courtesy of The Edgewater Group
2600 N Ocean Blvd #403 Myrtle Beach, SC 29577

2600 N Ocean Blvd #403
Myrtle Beach, SC 29577
Anderson ocean club

MLS# 1510865 / pending contingent on financing
2 br, 2 ba, 1250 sqft
4th floor, unit loc: Ocean Front, Ocean View, End Unit

Reduced! a must see 2 bedroom and 2 bathroom condo unit located in anderson ocean club resort. this is an oceanfront end unit with a wrap around ba... 

$324,900 Condo/Townhouse
Reduced -$600
Provided courtesy of Sloan Realty Group
107 S Ocean Blvd #402 Myrtle Beach, SC 29577

107 S Ocean Blvd #402
Myrtle Beach, SC 29577
Oceans one south tower - myrtle

MLS# 1513385 / Active
3 br, 3 ba, 1350 sqft
4th floor, unit loc: Ocean Front

Oceans one’s spectacular combination of ultra-modern architecture and contemporary décor with panoramic views of the coastal carolina coast line... 

$289,900 Condo/Townhouse
Provided courtesy of Ocean Front Guru Real Estate
107 S Ocean Blvd #301 Myrtle Beach, SC 29577

107 S Ocean Blvd #301
Myrtle Beach, SC 29577
Oceans one south tower - myrtle

MLS# 1513384 / Active
2 br, 2 ba, 1050 sqft
3rd floor, unit loc: Ocean Front

Oceans one’s spectacular combination of ultra-modern architecture and contemporary décor with panoramic views of the coastal carolina coast line... 

$269,900 Condo/Townhouse
Provided courtesy of Ocean Front Guru Real Estate
107 S Ocean Blvd #202 Myrtle Beach, SC 29577

107 S Ocean Blvd #202
Myrtle Beach, SC 29577
Oceans one south tower - myrtle

MLS# 1513378 / Active
2 br, 2 ba, 1350 sqft
2nd floor, unit loc: Ocean Front

Oceans one’s spectacular combination of ultra-modern architecture and contemporary décor with panoramic views of the coastal carolina coast line... 

$269,900 Condo/Townhouse
Provided courtesy of Ocean Front Guru Real Estate
107 S Ocean Blvd #706 Myrtle Beach, SC 29577

107 S Ocean Blvd #706
Myrtle Beach, SC 29577
Oceans one south tower - myrtle

MLS# 1513389 / Active
2 br, 2 ba, 950 sqft
7th floor, unit loc: Ocean Front

Oceans one’s spectacular combination of ultra-modern architecture and contemporary décor with panoramic views of the coastal carolina coast line... 

$255,000 Condo/Townhouse
Increase +$65,100
Provided courtesy of Ocean Front Guru Real Estate
107 S Ocean Blvd #206 Myrtle Beach, SC 29577

107 S Ocean Blvd #206
Myrtle Beach, SC 29577
Oceans one south tower - myrtle

MLS# 1513382 / Active
2 br, 2 ba, 1000 sqft
2nd floor, unit loc: Ocean Front

Oceans one’s spectacular combination of ultra-modern architecture and contemporary décor with panoramic views of the coastal carolina coast line... 

$249,900 Condo/Townhouse
Provided courtesy of Ocean Front Guru Real Estate
304 N Ocean Blvd. #1409 North Myrtle Beach, SC 29582

304 N Ocean Blvd. #1409
North Myrtle Beach, SC 29582
Avista ocean ph ii

MLS# 1502454 / Active
3 br, 3 ba, 1550 sqft
14th floor, unit loc: Ocean Front

Beautiful 3br/ 3 ba condo in the heart of ocean drive. enjoy the stunning ocean view, or stroll on the beach, visit restaurants, and go shopping at... 

$249,000 Condo/Townhouse
Provided courtesy of The Hoffman Group
3500 N Ocean Blvd #908 North Myrtle Beach, SC 29582

3500 N Ocean Blvd #908
North Myrtle Beach, SC 29582
Prince resort - phase i - cherry

MLS# 1509085 / Active
2 br, 2 ba, 1150 sqft
9th floor, unit loc: Ocean Front

This fantastic oceanfront 2 bedroom condo has incredible views of the ocean and coastline. a luxury feel full-service resort building. the unit ha... 

$199,900 Condo/Townhouse
Provided courtesy of Century 21 The Harrelson Group
107 S Ocean Blvd #405 Myrtle Beach, SC 29577

107 S Ocean Blvd #405
Myrtle Beach, SC 29577
Oceans one south tower - myrtle

MLS# 1513386 / Active
1 br, 1 ba, 650 sqft
4th floor, unit loc: Ocean Front

Oceans one’s spectacular combination of ultra-modern architecture and contemporary décor with panoramic views of the coastal carolina coast line... 

$174,900 Condo/Townhouse
Provided courtesy of Ocean Front Guru Real Estate
107 S Ocean Blvd #407 Myrtle Beach, SC 29577

107 S Ocean Blvd #407
Myrtle Beach, SC 29577
Oceans one south tower - myrtle

MLS# 1513387 / Active
1 br, 1 ba, 550 sqft
4th floor, unit loc: Ocean Front

Oceans one’s spectacular combination of ultra-modern architecture and contemporary décor with panoramic views of the coastal carolina coast line... 

$169,900 Condo/Townhouse
Provided courtesy of Ocean Front Guru Real Estate
107 S Ocean Blvd #204 Myrtle Beach, SC 29577

107 S Ocean Blvd #204
Myrtle Beach, SC 29577
Oceans one south tower - myrtle

MLS# 1513380 / Active
1 br, 1 ba, 700 sqft
2nd floor, unit loc: Ocean Front

Oceans one’s spectacular combination of ultra-modern architecture and contemporary décor with panoramic views of the coastal carolina coast line... 

$159,900 Condo/Townhouse
Provided courtesy of Ocean Front Guru Real Estate
300 N Ocean Blvd #723 North Myrtle Beach, SC 29582

300 N Ocean Blvd #723
North Myrtle Beach, SC 29582
Avista ocean resort

MLS# 1511885 / Active
1 br, 1 ba, 700 sqft
7th floor, unit loc: Ocean Front, End Unit

Furnished. 1bd/1ba oceanfront end unit located in the avista resort in nmb.. nicely kept and clean with a pull down murphy bed in the living room.... 

$129,900 Condo/Townhouse
Reduced -$5,000
Provided courtesy of Century 21 The Harrelson Group
2701 S Ocean Blvd #304 North Myrtle Beach, SC 29582

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

MLS# 1507272 / 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... 

$102,900 Condo/Townhouse
Provided courtesy of RE/MAX Southern Shores NMB
2500 N Ocean Blvd #103 Myrtle Beach, SC 29577

2500 N Ocean Blvd #103
Myrtle Beach, SC 29577
Palms, the

MLS# 1512813 / Active
1 br, 1 ba, 750 sqft
1st floor, unit loc: Ocean Front

Enjoy one of america's favorite destinations in your very own oceanfront condo at the palms resort. ready to accommodate up to six guests, this 1 b... 

$59,900 Condo/Townhouse
Reduced -$4,100
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 09-04-2015 2:35pm est.