Foreclosures
Myrtle Beach Real Estate Foreclosure Information
Search for all foreclosure real estate listed with our Myrtle Beach area MLS system. Just click the "Stipulation of Sale" words and check Foreclosure before you click the Search button at the bottom of the page.
Click here - Fannie Mae's Foreclosures in Myrtle Beach
Homes have already been appraised and have a mortgage just waiting for a buyer.
Myrtle Beach Homes
October 30, 2011: 145 Single Family Detached Homes were listed for sale in Foreclosure; 49 were listed as Lender Approved Short Sales; 283 were listed as Potential Short Sales or Pre-Foreclosures; 6 were listed as Court Sales and 4 were listed as Auction. 3,706 Single Family Detached Homes were listed as straight sales with no foreclosure or short sale issues. The number of distressed homes for sale in Myrtle Beach remains low when you compare the numbers. When you compare October to September Pre-Forecloures became Fo
September 30, 2011: 142 Single Family Detached Homes were listed for sale in Foreclosure; 55 were listed as Lender Approved Short Sales; 291 were listed as Potential Short Sales or Pre-Foreclosures; 4 were listed as Court Sales. 3,758 Single Family Detached Homes were listed as straight sales with no foreclosure or short sale issues making the number of distressed homes available low in the Myrtle Beach area.
Myrtle Beach Condos and Townhomes
October 30, 2011: 91 Condos and 10 Townhomes for sale as Foreclosures; 45 Condos and 5 Townhomes for sale as Lender Approved Short Sales; 276 Condos and 34 Townhomes listed as Potential Short Sales.
September 30, 2011: 94 Condos and 13 Townhomes for sale as Foreclosures; 43 Condos and 4 Townhomes for sale as Lender Approved Short Sales; 284 Condos and 33 Townhomes listed as Potential Short Sales.
March 14, 2011: 150 Condos and 20 Townhomes for sale that were in Foreclosure; 64 Condos and 12 Townhomes as Lender Approved Short Sales; 607 Condos and 55 Townhomes listed as Potential Short Sales.
You will notice there has been a drop in the amount of available properties but primarily in Potential Short Sales. That is NOT because those Potential Short Sales have sold and closed, it is because they are either waiting for the seller's lender to approve a sale or seller's just gave up trying to sell. When you consider that on September 30, 2011 there were 3,434 Condos and 355 Townhomes for sale that are straight sales with no foreclosure or short sale problems the number of distressed properties in the Myrtle Beach area is small.
Contact me, Sandy Keller, (843)655-4619 for more information about foreclosure and short sale properties. I am certified as a Short Sale and Foreclosure Resource (SFR) which is the only certification offered by the National Association of Realtors® for training received to assist buyers and sellers in the short sale and foreclosure process.
You will want to read information about the process of Tips For Buying A Foreclosure, Buying Foreclosure Real Estate and specifically Myrtle Beach Real Estate Foreclosures
Since Short Sale properties currently outnumber foreclosures for sale you may discover a property that is a Potential Short Sale or a Lender Approved Short Sale. I have written an article that will provide the defination and information to guide you through the Short Sale.
Help To Stop Your Home From Foreclosure -
South Carolina and North Carolina are two of the states that have received dollars from the Hardest Hit Fund. If you have lost your job and can not make your mortgage payments you may be able to receive up to $3,000 per month to make your payment and keep your home from going into foreclosure. I have written a blog that contains additional information: Lost Job May Not Mean Home Foreclosure In States With Hardest Hit Funds
If you are a Seller who is facing a problem paying your mortgage due to a change in your income since you made a real estate purchase and you do not qualify for the Hardest Hit Fund --- Call your mortgage company - Before you do anything else to see if they will work with you.
Programs To Help Homeowners Modify or Refinance Mortgage
Avoid foreclosure and keep your mortgage payments up-to-date by a loan modification or mortgage refinance to lower the monthly payment.