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

21 Summer Glen Drive, Simpsonville SC 29681


21 Summer Glen Drive, Simpsonville

“Property is occupied and occupants are not to be disturbed or contacted under any circumstances. Interior inspections are not available and property is being sold a...

  • Beds 3
  • Baths 2.5

1211 Old Grove Road, Piedmont SC 29673


1211 Old Grove Road, Piedmont

Attention investors and rehabbers - home on approx. 2 acres across from Grove Road Elementary. The original part of the home has 2 bedrooms, 1 and a half bathrooms. A la...

  • Beds 3
  • Baths 2.0

35 Allen  Street, Greenville SC 29605


35 Allen Street, Greenville

Dunean is a historic mill village, experiencing renovation due to it's proximity to downtown Greenville, and the Greenville Hospital and St Francis Hospital systems. Our ...

  • Beds 3
  • Baths 1.0

23 Paris View Drive, Taylors SC 29687


23 Paris View Drive, Taylors

Property sold "AS IS". This 3 bedroom home sits on a large lot that is partially fenced with an outbuilding for storage.

  • Beds 3
  • Baths 2.0

251 Berry Road, Pelzer SC 29669


251 Berry Road, Pelzer

MH with brick foundation on almost 1.5 acre lot with big trees. Home needs to TLC but nice quiet location. Kitchen is open to the den with FP. Master bedroom has full ...

  • Beds 3
  • Baths 2.0

415 W drive, Travelers Rest SC 29690


415 W drive, Travelers Rest


  • Beds 5
  • Baths 4.0

210 S Wingate Road, Greenville SC 29605


210 S Wingate Road, Greenville

Wonderful investment property or first time home. Brick ranch home with large bedrooms and front porch. Nice private back yard. Great location near I-85 and Hwy 25. Tons ...

  • Beds 3
  • Baths 1.5

18 Woodfern Circle, Greenville SC 29615


18 Woodfern Circle, Greenville

Ranch style home 3 bed/2bath, hardwood floors and fireplace. Located close to 385 and N Pleasantburg.

  • Beds 3
  • Baths 2.0

1005 Fox Row Court, Taylors SC 29687


1005 Fox Row Court, Taylors

Home located in Peppertree Subdivision . This home has a large 12x12 screened porch with attached deck in the back of the house off of the kitchen area . This home featur...

  • Beds 4
  • Baths 2.0

218 Verner Springs Road, Greenville SC 29609


218 Verner Springs Road, Greenville

Located in the San Souci neighborhood, this 4 bed 2 bath house is in move in ready. There are three decks, master bedroom downstairs and laundry room inside. This propert...

  • Beds 4
  • Baths 2.0

1745 Jones Mill Road, Simpsonville SC 29681


1745 Jones Mill Road, Simpsonville

This property is eligible under the Freddie Mac First Look Initiative through 10/07/14. Country pure and simple 7+ acres of space and sunshine; a spacious 3BR/4BA home, ...

  • Beds 3
  • Baths 4.0

112 Gridley Street, Greenville SC 29609


112 Gridley Street, Greenville

This is a Fannie Mae HomePath property. Bring back the sparkle and you will have made a smart investment. Like challenges? This older 2BR/1BA home could use some remodeli...

  • Beds 2
  • Baths 1.0

6 Add Court, Fountain Inn SC 29644


6 Add Court, Fountain Inn


  • Beds
  • Baths

708 Pineapple Pointe, Greenville SC 29607


708 Pineapple Pointe, Greenville


  • Beds 3
  • Baths 2.0

306 Parkdale Drive, Greenville SC 29611


306 Parkdale Drive, Greenville

This is a Fannie Mae Home Path property. It is eligible for a Home Path Renovation mortgage. You can own this home with as little as 5% downpayment. Please visit www.ho...

  • Beds 3
  • Baths 2.5

302 Florence  Drive, Simpsonville SC 29681


302 Florence Drive, Simpsonville

3 BR 2 bath ranch with double garage in established area near downtown Simpsonville. Split bedroom plan.Fresh paint.New carpet & vinyl.New appliances.Large level fenced y...

  • Beds 3
  • Baths 2.0

199 Pine Drive, Taylors SC 29687


199 Pine Drive, Taylors

Equal Housing Opportunity. Case #461-382293. All HUD-acquired properties are sold “AS IS” - no repairs or warranties. FHA Insurable with repair escrow $4950; 203K Eligib...

  • Beds 3
  • Baths 2.0

110 Waterbury Court, Simpsonville SC 29680


110 Waterbury Court, Simpsonville

Don't miss out on this three bedroom two bath home in Ambergate Subdivision! Features include laminate wood floors, living room with wood burning fireplace, kitchen with ...

  • Beds 3
  • Baths 2.0

100 Fairlawn Circle, Greenville SC 29617


100 Fairlawn Circle, Greenville

All brick three bedroom home located on level fenced lot. Close to shopping and interstate. Home has nice deck ready for family grilling. Spacious home with plenty of roo...

  • Beds 3
  • Baths 1.5

4 Mariscat Place, Greenville SC 29605


4 Mariscat Place, Greenville

Large, two story home that has recently been updated with new carpet, interior paint, light fixtures, etc. Please review interior photos. Appliances to be put in prior to...

  • Beds 4
  • Baths 2.5

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. © 2014 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated September 30, 2014

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