Foreclosures Homes In Greenville SC

 

Foreclosures In Greenville SC  

Foreclosures in Greenville SC - The process of Greenville SC foreclosures starts when a property owner becomes delinquent on their mortgage. After the owner has missed three or more payments the bank can hire an attorney and start the foreclosure process. First, a lis pendens is filed at the Greenville Court House and the homeowner has to be served with the foreclosure documents so they are aware of the pending action. Once the homeowner has been served, they have a chance to respond to the claim and a hearing is set in front of the Greenville County Master in Equity Judge. After the judge hears the case, the homeowner has a chance to plead their case to the judge and the judge will make a ruling. Usually at this point, the judge sets a foreclosure sale date unless the homeowner can work things out with the lender and can reinstate the loan before the foreclosure sale date.

If the homeowner is unable to reinstate the loan, or unless a forbearance agreement with the lender is reached, or unless a short sale agreement is achieved, the property will be auctioned at the Greenville County Courthouse. The lender usually places a bid equal to the amount owed on the property. In today's market, many homeowners are upside down on their home loans and owe more than their home is worth. In most cases, there is not any equity in the properties being foreclosed on. If the property is not purchased by a third party bidder, the bank will get the property back at which point the judge issues the high bidder a foreclosure deed and the deed is filed at the Greenville County Register of Deeds office.

Like any other area in the US, sales of foreclosures in Greenville SC can be very risky. As a third party bidder you are subject to your bidding actions and if you do not pay for the property in full, you can be liable. The bank may request a 30 day deficiency judgment where the bidding remains open on some properties for 30 days. Also, there may be be tax liens by the IRS or judgments that attach to the properties so you should always have a title search done on a property before considering to bid on a foreclosure property.

Greenville Foreclosures SC - Bank Owned Properties & Homes

After the bank takes the property back, the bank will contract a local real estate broker like New City Real Estate to help to do a Brokers Price Opinion on the property to try and asses the current market value of the property. The bank will ask the broker to help to get the property cleaned up, listed, and put on the market for sale. Some bank-owned properties may be priced to sell as soon as they hit the Greenville MLS or Upstate MLS systems. Other times the properties may be priced higher and it may take months before the price is reduced enough for the owner occupants or investors to feel the property is priced fairly enough for the current condition of the property.
Fannie Mae, Freddie Mac, and HUD homes make up a large percentage of the foreclosure homes that are being put back out on the market for sale. Many of these homes have a 15 day owner occupant time period where only purchasers looking to live in the home may make an offer to purchase the home in the first 15 days of the home being listed. This holds investors off from making offers to purchase the property in the first 15 days.

New City Real Estate has been working with many lenders in liquidating these lender bank owned foreclosure assets for years in the upstate. New City lists many of the foreclosure properties in the Greenville, SC and Upstate, SC areas and has been servicing this side of the real estate market for 10 years, long before the market fell at the end of 2007. Please click here to see some Greenville Foreclosure Homes that sold recently or here to see some recent sold Waterfront Foreclosures
New City Real Estate is experienced with short sales and is Equator REO Platinum Certified in handling and liquidating bank owned distressed assets. So, if you are looking for foreclosures in Greenville SC be sure to contact a qualified and experienced forclosures real estate agent.

Foreclosures in Greenville SC - Newest Listings

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$70,250

100 Buttercup Way Unit Apt 26, Taylors

HUD# 461-482279 Insured with repair escrow. Seller makes no representations or warranties as to property condition. This home features 3 bedrooms and 2 bath .. Home was ...

  • Beds3
  • Baths2.5

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$84,900

132 Homes Pond Lane, Taylors

Very nice one level home situated on a private lot with .84 acres and pond view and access. Home features an open floor plan with all new flooring and paint. There are ...

  • Beds3
  • Baths2.0

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$139,900

241 Eastview Road, Pelzer

Come home to comfort. Open plan brick ranch on 1 acre lot features 3 bedrooms, 2 baths, spacious living room designed for informal gathering has a brick hearth fireplace ...

  • Beds3
  • Baths2.0

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$293,900

42 Altamont Terrace Lane, Greenville

Split bedroom design with all bedrooms on main level; rec room and office upstairs. Formal dining room, hardwoods in main living area, beautiful great room windows. Sun...

  • Beds3
  • Baths2.5

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$224,900

107 Westcreek Way, Greenville

For discriminating home seekers desiring the best. Surround yourself with fun living and friendly people. First impressions are important a gracious foyer greets your gue...

  • Beds3
  • Baths2.5

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$164,300

707 Brooks Road, Mauldin

Listing Broker and Seller assume no responsibility and make no guarantees, representations, warranties (express, implied or otherwise) as to the availability or accuracy ...

  • Beds4
  • Baths3.0

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$102,000

302 Farmington Road, Greenville

Ranch style home located in Chestnut Hills subdivision. Must see at this price. 3 bed/ 1.5 bath, partial finished basement. Detached carport. Sold As Is

  • Beds3
  • Baths1.5

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$49,950

611 Pine Creek Drive, Greenville

HUD# 461-406242 Insured with repair escrow subject to appraisal. Seller makes no representations or warranties as to property condition. Great opportunity for a first ti...

  • Beds3
  • Baths1.5

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$188,950

10 Red Jonathan Court, Simpsonville

HUD# 461-604179 Insured with repair escrow subject to appraisal. Seller makes no representations or warranties as to property condition. This is an outstanding subdivisi...

  • Beds4
  • Baths2.5

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$27,900

17 Chapman Lane, Piedmont

Great investment property 3 bedroom 1 bath with large lot, price to sale.

  • Beds3
  • Baths1.0

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$725,000

411 Stony Road, Landrum

Beautiful home with amazing views! Spacious home with main level master suite, large kitchen with granite countertops and island, office, and living room with fireplace. ...

  • Beds3
  • Baths5.5

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$124,900

Taylors

Location! Location! Location! This cute 3 bedroom, 2 full bathroom, ranch house is conveniently located off Edwards Rd in Taylors. Walk up to the front porch, enter the f...

  • Beds3
  • Baths2.0

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$69,900

202 Pisgah Drive, Greenville

This is a Fannie Mae Home Path property. Located just around the corner from the State Farmers Market and the Cherrydale shopping center, Paris Mountain Heights has been...

  • Beds3
  • Baths1.0

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$210,000

109 Devenridge Drive, Greer

Beautiful home in Greer Devenger Point Subdivision. Situated on a quiet cul-de-sac with a large driveway and a 2 car garage with a spacious fenced back yard with nice dec...

  • Beds3
  • Baths2.5

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$44,900

1401 5th Avenue, Greenville

This is a Fannie Mae Home Path property. This property was built approximately 10 years ago and sits on the edge of Judson Mill on a corner lot. The 2 bedroom one bath ...

  • Beds2
  • Baths1.0

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$188,700

203 Buckboard Lane, Simpsonville

Four bedroom home in Wagon Creek. Two full and a half bathroom, screened patio, brick fireplace, spacious rooms, plenty of cabinet and counter space in the kitchen and a...

  • Beds4
  • Baths2.5

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$58,950

4 Kay Drive, Greenville

HUD# 461-432761 Insured with repair escrow. Seller makes no representations or warranties as to property condition. This home features 3 bedrooms and 2 bath .. Home was ...

  • Beds3
  • Baths2.0

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$35,000

613 Western Way, Landrum

Come home to The Cliffs at Glassy, The Cliffs’ original gated golf and wellness community atop Glassy Mountain in Landrum, SC. Fantastic home site with huge western view...

  • Baths0.0

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$134,000

204 Butterfly Way, Taylors

Sold AS IS. This is a foreclosure that is move in ready. Air conditioner and roof like new. Fresh paint and all new flooring throughout. It has gas heat and is in a grea...

  • Beds3
  • Baths2.0

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$69,900

1592 Dunklin Bridge Road, Honea Path

1.4 Acre lot 3 Bedrooms 2 Full Baths Double Wide Great Room w/Fireplace, Dining with bar area separating Kitchen, New Carpet , Linoleum, New Counter top Laminate. Garden...

  • Beds3
  • Baths2.0

The Listings data contained on this website comes from various participants of The Multiple Listing Service of Greenville, SC, Inc. Internet Data Exchange. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed. © 2017 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated

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