Myrtle Beach Real Estate
Distressed Properties List Request
Distressed properties are not homes that are falling apart. They are homes that are being sold because the owners have fallen on hard (mostly unlucky) times. This is a great opportunity to pick up a home at a bargain price. Somebody is going to buy them at a real good price. If you're in the market to make a purchase, let us help you find that deal.
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We will contact you using the information below to find out what kind of property you are looking, price limits and other pertinent information.
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Foreclosures, Short Sales and REO - Oh My
Pre Foreclosure - Any property that is being sold by an owner (that is probably in default) before the bank forecloses on it.
Short Sale - Any property that is being sold by an owner (who is in default) at a price less than the full loan payoff and before the bank forecloses on it. In this case, the bank must agree to the sale price which may take up to six weeks in some cases.
Foreclosure - Any property that is being sold by a bank because the owner was in default of his payments. In this case the bank owns the property and determines the selling price based on the amount owed on the property.
REO (bank owned propery) - Any property that is owned by a bank because the property failed to sell at auction (often called a Trustee Sale) and must be sold (usually at a reduced price). |
