Myrtle Beach Area Foreclosures & Short Sales
Searching for Myrtle Beach area Foreclosures and Short Sales? Whether you are searching for foreclosures and short sale properties, or need assistance in selling your property through a short sale, we can help!
Myrtle Beach Area Foreclosures
What is a foreclosure?
Bank foreclosed homes are also called real estate owned (REO) foreclosures. When property owners are unable to make payments on their bank -held mortgage loan, the bank forecloses on the property in an attempt to repossess it. This is how a property becomes a bank foreclosure.
What is a Short Sale?
A short sale is a process many property owners use to try an sell their property before foreclosure. It basically means the property is sold short(or less than) the amount still owed on the mortgage. The bank has to approve the sale and this process can take anywhere from 30-90 days.
Myrtle Beach and the surrounding areas have seen an increase in foreclosures like many areas across the country. Preston Guyton works with many local banks to help find buyers for many of these properties. If you would like to receive updated lists of available properties that are short sales and foreclosures, please fill out the contact form. As new properties come available, he will email you updated lists. Many of these properties never make it to the local MLS.
If you own a property and would like Preston Guyton to help you try and sell it to avoid foreclosure, please call or email him anytime. Over the past couple of years he has kept a database of people that have registered on www.PrestonGuyton.com, and this database has grown to over 5,000 people. Each month we send out property emails to everyone on the list.
If you would like more information on the short sale process, we can email you more information to help you understand what it takes to successfully sell your property. Short Sales are a much better option, and have helped many people avoid going through a foreclosure.
Find out how a Myrtle Beach short sale or foreclosure can work for you. Feel free to contact us at (843) 651-8460 or email via our contact form.