Paradise Resort Condos for Sale: Short Sales and Foreclosures

Paradise Resort Condos for sale
Paradise Resort in Myrtle Beach, SC Foreclosures and Short Sales
Built just a few years ago at the peak of the Myrtle Beach condo boom. Paradise Resort was built and sold out over night! Now prices have come down significantly. There are Short sales in Paradise Resort as well as Foreclosures in Paradise Resort
Location
2201 S Ocean Blvd, Myrtle Beach, SC, 29577
Situated on the beach, this family-friendly Myrtle Beach property is close to Grand Strand and Family Kingdom Amusement Park.
Features.
Paradise Resort has an outdoor pool, an indoor pool, a spa tub, a fitness facility, and a children's pool. Business amenities include wireless Internet access and business services. Paradise Resort has a restaurant and a bar/lounge. Guest parking is complimentary.
Guestrooms.
Amenities featured in guestrooms include air conditioning, coffee/tea makers, and free local calls. In addition, amenities available on request include wake-up calls. Guestrooms have cable television with HBO. Business-friendly amenities include complimentary wireless Internet access, desks, and direct-dial phones. Balconies are featured in all guestrooms. All guestrooms provide microwaves and refrigerators. Bathrooms feature shower/tub combinations, hair dryers, and complimentary toiletries. Guestroom services include housekeeping. All guestrooms at Paradise Resort are non-smoking.
The indoor/outdoor pool features a large sundeck with direct beach access. A lazy river winds through the grounds. The fitness center is open daily from early morning till late evening.
This Myrtle Beach resort is located along The Grand Strand, offering more than 60 miles of wide, sandy beaches fronting the Atlantic Ocean. Popular activities include swimming, body surfing, boating, sunbathing, and fishing. Ocean Watersports, 1.5 miles from the Paradise Resort, offers parasailing, banana-boat rides, and personal-watercraft rentals.
The Grand Strand also boasts more than 100 championship golf courses. The Man O'War Golf Club and the Wicked Stick Golf Links are both about 10 miles from the resort.

" Bicycle rentals nearby
" Bird watching nearby
" Boating nearby
" Boat launch nearby
" Dock nearby
" Fishing nearby
" Golf - driving range nearby
" Golfing nearby
" Golf - miniature nearby
" Hiking/biking trails nearby
" Motor boating nearby
" Parasailing nearby
" Personal watercraft nearby
" Playground nearby
" Sailing nearby
" Surfing/boogie boarding nearby
" Swimming on site
" Tennis nearby
" Water skiing nearby
Paradise Resort Foreclosures
Paradise Resort Condo Foreclosures in Myrtle Beach, SC. With over 15,000 properties on the market, now may be the last time to purchase a condo in Myrtle Beach at a really great deal. The best deals on the market are in newer resorts. In new resorts like Paradise Resort the condos were just built during the condo boom so they are in brand new condition. The rental incomes are usually higher and on top of it there is a lower chance of the property having assessments.

The foreclosure process in Horry County, SC has been a difficult process because of the court systems being backed up. However the banks have been pricing these properties to sell quickly to avoid the risk of having their capital tied up in an enormous amount of inventory.

Paradise Resort Short Sales

Sometimes called pre-foreclosures, a short sale is a process where a property owner sells a property for less than what is owed on it. Normally there is a process where the property owner accepts an offer and then goes to the bank and negotiates an agreement to allow the property to be sold.

This process can be long and stress for both the buyer and seller. This process can take anywhere from 4 to 12 weeks to even get a response from the bank. Many times the banks decision is far more dependent on the seller than how qualified the buyer is.

In Paradise Resort, Short Sales are very common. The reason short sales in Paradise resort are common is because the resort condos were originally sold at the peak of the real estate boom. Since the peak of the market condos in Paradise Resort have went down almost 75% depending on the floor plan.

Buying a short sale can give a buyer a great way to beat the competition to a soon to be foreclosure and get a great deal on a property. The best short sale deals come to those buyers who are patient and willing to wait and work through the bank processes.

For more information on Short sales and to see a full up to date list of short sales in Myrtle Beach go to