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North Myrtle Beach Short Sales
A short sale is when a lender accepts a discount on a mortgage to avoid a possible foreclosure auction or bankruptcy. Instead of buying from a seller, you are purchasing the property directly from the lender for a discount. For example: A homeowner, who is facing foreclosure, has an existing first mortgage of $300,000. You write an offer to the lender for $220,000, which is accepted as full payment for the loan. This is a short sale. Why are they willing to take such a discount? Several reasons. First of all, banks do not like excess inventory and bad loans on their books; therefore, if they see an opportunity where they can sell the property without a huge loss, they will do it. Secondly, lenders know they could lose a lot more money if the property goes to auction. There are so many fees involved if the property goes to auction, that they would be better off taking the discount beforehand and be finished with the headache of it all. (foreclosureuniversity.com)
North Myrtle Beach is a beautiful part of the Myrtle Beach area. It is a bit more touristy than the South Strand (Murrells Inlet, Garden City, Surfside Beach, Pawleys Island) but a bit less than the actual town of Myrtle Beach. North Myrtle has been growing extensively and also has many short sales. The short sale process is not the easiest but you can get some truly great homes/condos for spectacular prices. Get educated on short sales and contact an agent to see what’s available in the beautiful North Myrtle Beach area.
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| Description | Listing Information | |
| Listing 1 of 99 | ||
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2445 Old Sanders Drive City: North Myrtle Beach Subdivision: Not within a Subdivision 20+ Acres located on the Intra-Coastal Waterway. PUD for 71 homesites, boat ramp, boat |
List Price: $3,995,000 MLS: 1106481 Acreage: 20 Zoning: RCFA More Info... |
| Listing 2 of 99 | ||
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4617 Ocean Blvd S City: North Myrtle Beach Subdivision: Windy Hill Beach Direct oceanfront duplex with 10 bedrooms, 10 baths and 2 half baths furnished in |
List Price: $1,175,000 MLS: 1109197 # of Units: Sq. Ft. 4636 More Info... |
| Listing 3 of 99 | ||
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607 JOHNSTONE PLACE City: North Myrtle Beach Subdivision: Tilghman Estates WOW! THIS HOUSE IS A MUST SEE! HOME HAS 5 BEDROOMS 3 FULL BATHS |
List Price: $1,035,000 MLS: 1200563 Bedrooms: 5 Bath: 3 / Half Baths: 3 Sq. Ft. 5901 More Info... |
| Listing 4 of 99 | ||
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4400 LAKE DR City: North Myrtle Beach Subdivision: Not within a Subdivision The Tropical Breeze is an incredible investment and vacation property opportunity. This is a |
List Price: $829,900 MLS: 1117786 Bedrooms: 15 Bath: 13 Sq. Ft. 6000 More Info... |
| Listing 5 of 99 | ||
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1405 Waterway Drive City: North Myrtle Beach Subdivision: Sunset Harbour Come enjoy all that the waterway has to offer in this GREAT home. Enjoy |
List Price: $715,000 MLS: 1106528 Bedrooms: 3 Bath: 3 / Half Baths: 1 Sq. Ft. 3201 More Info... |
| Listing 6 of 99 | ||
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208 2nd Ave South Complex City: North Myrtle Beach Subdivision: Ocean Surf Club Ocean Surf Club complex is a 10,000 Sq Ft 3-story complex only one block |
List Price: $695,000 MLS: 1011165 Bedrooms: 7 Bath: 7 Sq. Ft. plus More Info... |
| Listing 7 of 99 | ||
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208 2nd Ave South City: North Myrtle Beach Area: OCEAN DRIVE Ocean Surf Club is an well built 3 story building only a block and |
List Price: $695,000 MLS: 1011095 Uses: Hotel/Motel Kind: COMMERCIAL Sq. Ft. 10000 More Info... |
| Listing 8 of 99 | ||
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702 46TH AVE S City: North Myrtle Beach Subdivision: Windy Hill Beach THIS HOME IS A MUST SEE! LOVELY 4 BEDROOM 3 1/2 BATHS BUILT BY |
List Price: $579,478 MLS: 1019091 Bedrooms: 4 Bath: 3 / Half Baths: 1 Sq. Ft. 3001 More Info... |
| Listing 9 of 99 | ||
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802 41st Avenue South City: North Myrtle Beach Area: WINDY HILL Incredible buy on this beautiful Tuscan designed office building that can be seen from |
List Price: $499,900 MLS: 1111894 Uses: Office Building Kind: COMMERCIAL More Info... |
| Listing 10 of 99 | ||
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4700 Ocean Blvd. S City: North Myrtle Beach Subdivision: Windy Hill Beach 13 bedrooms/8 baths Ocean View! Great rental investment property. High traffic area located very |
List Price: $499,000 MLS: 1111578 # of Units: Sq. Ft. More Info... |
