Myrtle Beach Area Short Sales

Myrtle Beach Area Short Sales

To put it simply, a short sale occurs when the proceeds from the sale of a piece of property are less than the total amount of all debts backed by liens on the property. The creditor holding the lien, generally a bank, has settled for less than what is due.

Buyers of short sales should be prepared to wait anywhere from four weeks and up to a year for the lien holder's clearance.

Myrtle Beach Area Short Sales

Start Your Search

Provided courtesy of The Coastal Carolinas Association of REALTORS®. Information Deemed Reliable but Not Guaranteed. Copyright 2024 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.