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Myrtle Beach Real Estate - Foreclosures

Myrtle Beach real estate foreclosures are a great way to purchase some high end real estate that you normally wouldn't otherwise be able to afford, priced quite affordably below market value. If you're a first time homebuyer or are shopping for investment property, these Myrtle Beach real estate foreclosures are definitely worth pursuing. An offer like this doesn't come around all that often so if you've been tempted to buy, the time has arrived. If you think you can't afford it, you might be pleasantly surprised by what you find. Go ahead and take a closer look. [Read more...]

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  Description Listing Information
Listing 1 of 5
Murrells Inlet Pines Of St James 9780 Conifer Ln
City: Murrells Inlet
Subdivision: Pines Of St James

Come and check out this home before it goes off the market. What a

List Price: $149,900
MLS: 1613086
Bedrooms: 4
Bath: 2
Sq. Ft. 1401
More Info...
Listing 2 of 5
Longs Not within a Subdivision 837 Elbow Rd
City: Longs
Subdivision: Not within a Subdivision

This lovely three bedroom, two bath modular home sits just ten miles from Cherry

List Price: $144,000
MLS: 1611502
Bedrooms: 3
Bath: 2
Sq. Ft. 1201
More Info...
Listing 3 of 5
Ocean Isle Beach Ocean Ridge Plantation 558 SW Lindgrove Place
City: Ocean Isle Beach
Subdivision: Ocean Ridge Plantation

Large corner lot in Cambridge Estates section in Ocean Ridge. This lot is located

List Price: $89,900
MLS: 1407407
Zoning: Res
More Info...
Listing 4 of 5
Georgetown Belle Isle 7 Partridge Place
City: Georgetown
Subdivision: Belle Isle

Beautiful wooded 1.06 acre lot in desirable Belle Isle on Winyah Bay. Very private

List Price: $30,000
MLS: 1217872
Zoning: RES
More Info...
Listing 5 of 5
Johnsonville Not within a Subdivision 1 Otwell Drive
City: Johnsonville
Subdivision: Not within a Subdivision

.035 acres of cleared and ready to build land in Wellman Country Club. Town

List Price: $6,500
MLS: 1200388
Zoning: R
More Info...

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Banks and other lending institutions have many properties like these that have become Myrtle Beach real estate foreclosures because the homeowners couldn't stay current on their mortgage payments. Foreclosures like these are being sold at less than their appraised value in order for the mortgage holder to recover their original investment.

In many cases, homeowners just walked away from these properties, leaving behind move-in-ready homes. These are ideal real estate opportunities for you to purchase a second home, a vacation rental, or investment property. Many people will buy it now, while it's priced at its cheapest, fix it up to move-in-ready condition, and then resell it at a profit closer to its appraised value. Myrtle Beach, South Carolina, is a popular vacation destination so rental properties do quite well here year round.