A foreclosure is the process where a lender tries to recover the amount owed to them by either selling or repossessing the property. This happens as a result of the owner defaulting (stopped making payments) on the loan. In Myrtle Beach, foreclosures and bank owned homes are coming on the market, just not with the numbers similar to other areas. Foreclosures in our area are not as easy to find as some may think. In order to find a foreclosure home or bank owned home you will need to speak with an experienced realtor that is familiar with the process and knows what to look for.
With the foreclosure market picking up speed like it has, more and more buyers and investors have begun to search out bank owned homes and foreclosure listings. We have created a list of the current foreclosures and bank owned homes available.
To have SC Beach Real Estate help you to find REOs, foreclosures, bank owned homes, or short sales in the Myrtle Beach area, contact us to hear about new foreclosure listings first. We offer our experience and knowledge of the Myrtle Beach market to help you find short sales and foreclosures.