Myrtle Beach Foreclosures - Myrtle Beach Foreclosed Homes for Sale

If you’re searching for a residential home, a condoland or an investment property, a foreclosure may be the way to go. But not all foreclosures are deals! We have seen may sell for more than the current market price and end up in a bidding war between buyers raising the price over current value. REO (real estate owned), distressed property, divorce sales and motivated sellers are sometimes a better buy. 

Myrtle Beach Foreclosures

 

A REO is a "real estate owned" property is one that has reverted back to the Mortgage Company or bank, when the home fails to sell at a foreclosure auction. Once a bank owns a property, they may choose to fix it or even sell it "as-is".

A distressed property is a house or condo where the owners can no longer afford them. Most of these types of property are categorized as a motivated seller. Many times the current owners are at risk of foreclosure since the owner can no longer make payments or pay the property taxes. Our team of experts sees these types of properties all the time. A lot of time these houses and condos are in poor condition and will require renovation. These are known as handyman specials or fixer uppers.  

 

Myrtle Beach foreclosure homes for sale

Jerry Pinkas real Estate Experts wants you to avoid the pitfalls that are costly. Our buyer’s agents can go to work for you in your best interest, to give you all the details, so you can make an educated decision.

In some cases these Myrtle Beach area foreclosed homes sell for $1000's of dollars below market value. This creates a perfect situation for anyone who is looking to purchase a rental property or 2nd home in Myrtle Beach and get a bargain. Combine the low home price with the Grand Strands low property taxes and low cost of living, and you've saved a great deal of money on a fantastic property at one of the most popular vacation destinations in the nation. 

 

Buy Myrtle Beach Foreclosure Homes for Far Less Than Market Value

Myrtle Beach Foreclosures For Sale

Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2017 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.