Real Property
https://www.horrycounty.org/Departments/Assessor/FLC
The Horry County Forfeited Land Commission (FLC) is established by the State of South Carolina and is the governing body with regard to disposal of each property being in the best interest of the taxpayers of Horry County.
A state-mandated, the Horry County Forfeited Land Commission (FLC) is a commission established by the State of South Carolina which consists of the County Treasurer, Auditor and Registrar of Deeds, who serve without compensation. The FLC Committee is the governing body with regard to disposal of each property being in the best interest of the taxpayers of Horry County.
Properties become part of the Forfeited Land Commission (FLC) when they have been advertised and presented for auction at the annual Delinquent Tax sale but did not receive bid activity at or above the minimum bid. As the winning bidder, the FLC holds the assignment during the state mandated redemption period. The property then reverts to the FLC as the legal owner of said property after the end of the redemption period.
Properties owned by the FLC can be sold and deeded after the end of their redemption period, and assignments of the bids for those properties can be sold during the redemption period. This redemption period runs for one year and one day from the date of the tax sale at which the property was originally auctioned. On occasion properties owned by the FLC can be sold and deeded immediately because the one-year redemption period has passed.