Myrtle Beach Area Short Sales

A short sale is a sale of real estate wherein the sales price will typically fall short of the total balance of any debt secured by a lien against the property.  The lien holder who is typically the bank has agreed to accept less than what is actually owed on the debt.

Short sales will usually take between 4 and 12 weeks to get approval from the lien holder so one must be patient when making an offer on one of these properties.

Myrtle Beach Area Short Sales

Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2017 of the Coastal Carolinas Association of REALTORS® MLS. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.