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 #1801 Myrtle Beach, SC 29572

8500 Margate Circle #1801
Myrtle Beach, SC 29572
Margate tower

MLS# 1501695 / Active
3 br, 3 ba, 0 sqft
18th floor, unit loc: Ocean Front

Absolutely stunning margate residence. upgraded kitchen cabinets, stainless steel appliances including wine captain. marble floors in entry foyer... 

$699,900 Condo/Townhouse
Provided courtesy of Leonard Call - Kingston
202  70Th Avenue North #801 Ph Myrtle Beach, SC 29572

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

MLS# 1303734 / Active
4 br, 3 ba, 1 half bath, 0 sqft
8th floor, unit loc: Ocean Front

This is an absolutely gorgeous 4 bedroom, 3.5 bath penthouse condo! what a wonderful opportunity for you to own an ocean front unit in this uniquel... 

$550,000 Condo/Townhouse
Provided courtesy of Beach & Forest Realty
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!!! new carpet, new paint, new glass doors in side ... 

$359,900 Condo/Townhouse
Provided courtesy of The Edgewater Group
5511 N Ocean Blvd #1804 Myrtle Beach, SC 29577

5511 N Ocean Blvd #1804
Myrtle Beach, SC 29577
Forest dunes

MLS# 1502237 / pending contingent on financing
3 br, 2 ba, 1550 sqft
18th floor, unit loc: Ocean Front, Ocean View

6 months of hoa dues to be paid by owner. large 3 bedroom, 2 bath condo located on the 18th floor of the forest dunes ocean front hi-rise with a... 

$219,000 Condo/Townhouse
Provided courtesy of Keller Williams MB Central
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
Reduced -$10,000
Provided courtesy of Century 21 The Harrelson Group
5700 N Ocean Blvd #1212 North Myrtle Beach, SC 29582

5700 N Ocean Blvd #1212
North Myrtle Beach, SC 29582
Laguna keyes

MLS# 1505098 / pending contingent on financing
2 br, 2 ba, 1150 sqft
12th floor, unit loc: Ocean Front

Direct waterfront located in cherry grove area of north myrtle beach. spacious floor plan with open living room/dining room combo. living room and ... 

$198,000 Condo/Townhouse
Reduced -$11,000
Provided courtesy of Gabriel Financial Real Estate
2501 S Ocean Blvd #101 Myrtle Beach, SC 29577

2501 S Ocean Blvd #101
Myrtle Beach, SC 29577
Holiday sands

MLS# 1416701 / Active
2 br, 2 ba, 1150 sqft
1st floor, unit loc: Ocean Front, Ocean View

2bed/2ba oceanfront condo in holiday sands south which was built in 2007. this newer building has enclosed hallways, conference areas, indoor/outd... 

$170,000 Condo/Townhouse
Reduced -$5,000
Provided courtesy of Watermark Real Estate Group
2201 S Ocean Blvd #503 Myrtle Beach, SC 29577

2201 S Ocean Blvd #503
Myrtle Beach, SC 29577
Paradise resort

MLS# 1505218 / Active
1 br, 1 ba, 700 sqft
5th floor, unit loc: Ocean Front

Great 1 bedroom/1 bath oceanfront condo at the wonderful paradise resort. 

$136,000 Condo/Townhouse
Increase +$1,100
Provided courtesy of Ocean Front Guru Real Estate
1709 S Ocean Blvd #614 North Myrtle Beach, SC 29582

1709 S Ocean Blvd #614
North Myrtle Beach, SC 29582
San-a-bel

MLS# 1501212 / Active
2 br, 2 ba, 800 sqft
6th floor, unit loc: Ocean Front

Cozy 2 bedrooms ocean front condo with a private balcony. there is an on site parking garage, indoor pool, outdoor pool, hot tub, and fitness room.... 

$119,900 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
6900 N Ocean Blvd #845 Myrtle Beach, SC 29572

6900 N Ocean Blvd #845
Myrtle Beach, SC 29572
Caravelle resort

MLS# 1510550 / Active
1 br, 1 ba, 550 sqft
8th floor, unit loc: Ocean Front

Fully furnished one bedroom, one bath unit in the caravelle resort with beautiful ocean views from the balcony. on site amenities include indoor an... 

$69,900 Condo/Townhouse
Provided courtesy of Century 21 The Harrelson Group
2310 N Ocean Blvd #1103 Myrtle Beach, SC 29577

2310 N Ocean Blvd #1103
Myrtle Beach, SC 29577
Meridian pla

MLS# 1501621 / Active
1 br, 1 ba, 550 sqft
11th floor, unit loc: Ocean Front

A beautiful, must see 1 bedroom 1 bath condo at the meridian plaza, centrally located only blocks away from the myrtle beach boardwalk and newskywh... 

$59,900 Condo/Townhouse
Reduced -$5,000
Provided courtesy of Century 21 The Harrelson Group
201 N 74Th Ave ##942 Myrtle Beach, SC 29572

201 N 74Th Ave ##942
Myrtle Beach, SC 29572
Sand dunes philip

MLS# 1508716 / Active
Efficiency br, 1 ba, 500 sqft
9th floor, unit loc: Ocean Front

Fantastic ocean views of the big blue atlantic from this direct oceanfront 9th floor efficiency located at the sand dunes resort. great resort wit... 

$59,000 Condo/Townhouse
Provided courtesy of Beachcomber Realty
201 N 74Th Ave ##934 Myrtle Beach, SC 29572

201 N 74Th Ave ##934
Myrtle Beach, SC 29572
Sand dunes philip

MLS# 1508726 / Active
Efficiency br, 1 ba, 500 sqft
9th floor, unit loc: Ocean Front

Fantastic ocean views of the big blue atlantic from this direct oceanfront 9th floor efficiency located at sand dunes resort. great resort with lo... 

$59,000 Condo/Townhouse
Provided courtesy of Beachcomber Realty

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 05-29-2015 11:40am est.