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

property image

$52,000

111 Bluff Drive, Greenville

Spacious brick ranch home with 3 bedroom 2 bath , located minutes from downtown Greenville close to shopping and schools , level lot with fenced in backyard , add your ow...

  • Beds3
  • Baths2.0

property image

$189,900

15 Sandy Lane, Greenville

A world of living can be yours, perfect home for the growing family in an established neighborhood. The living room is set apart for formal entertaining. Formal dining ro...

  • Beds4
  • Baths2.5

property image

$114,500

1601 State Park Road, Greenville

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

  • Beds3
  • Baths2.0

property image

$67,500

202 Hammett Grove Lane, Greer

Spacious 3 bedroom 2.5 bath townhome in Hammett Farms! Features include over 1300 SF, an open floor plan, fireplace, and back patio. Convenient Location and Neighborhood ...

  • Beds3
  • Baths2.5

property image

$68,750

408 Craig Street, Fountain Inn

HUD# 461-425554 Insured with repair escrow subject to appraisal. Seller makes no representations or warranties as to property condition. This home features 3 bedrooms an...

  • Beds3
  • Baths1.5

property image

$424,900

1212 Bradford Creek Lane, Taylors

Very large home with 2 kitchens that is great for In-Laws or other separate living arrangements. This home needs work but a great opportunity to own a big house with 6 be...

  • Beds6
  • Baths6.0

property image

$72,900

27 Flower Drive, Greenville

High on a hill charming brick bungalow features living room, eat in kitchen, den, 3 bedrooms,1.5 bath and one car carport with utility room. Just right for family comfort...

  • Beds3
  • Baths1.5

property image

$49,900

305 Boling Road, Taylors

Nice Brick home convenient to town and shopping! Excellent opportunity for some sweet sweat equity! Home needs some repairs and most financing will be tough! Call today f...

  • Beds3
  • Baths1.5

property image

$115,500

9 Edwards Mill Road, Taylors

Old-time roominess and huge kitchen are what you will find when you visit this open plan 3BR/2BA ranch. Inviting living room radiates hospitality and charm. A built to ta...

  • Beds3
  • Baths2.0

property image

$278,800

607 Buttermilk Court, Simpsonville

Don't miss out on this beauty !!! Located in Simpsonville , this spacious 4 bedroom 2.5 bathroom home awaits you . Convenient to all of the Simpsonville area , located in...

  • Beds4
  • Baths2.5

property image

$229,900

490 Callahan Mountain Road, Travelers Rest

Very unique property and rare opportunity! Into hiking and bike rides? Walk out your back door and hike your 8 acres of mountain property. Breeze down your drive and ride...

  • Beds3
  • Baths3.0

property image

$79,900

104 Abbotsford Drive, Simpsonville

Popular Bellingham subdivision in Simpsonville. Close to Main Street and Hwy 14, and I-385. 4 bedrooms at this price? Two baths, eat-in kitchen and sunny living room. Cov...

  • Beds4
  • Baths2.0

property image

$99,900

206 Hampton Ridge Drive, Greer

Hampton Ridge Subdivision. Ranch style home 3bed/2bath with attached garage. Open floor plan. Privacy fenced rear yard. Located close to Hwy 29.

  • Beds3
  • Baths2.0

property image

$29,900

6 High Laurel Way, Travelers Rest

Bank owned, wooded lot with mountain views and high elevation.

  • Baths0.0

property image

$21,000

130 White Horse Road, Travelers Rest

This is a Fannie Mae Home Path property. Located in Traveler’s rest this is the shell of a bungalow that remains after being vandalized on several apparent occasions. The...

  • Beds2
  • Baths1.0

property image

$91,500

36 Lynhurst Drive, Greenville

Great budget buy now available in the Greenville area! This three bedroom, two bath home has a living room and a separate den area. It features a fenced back yard and a ...

  • Beds3
  • Baths2.0

property image

$99,000

112 Larchwood Drive, Simpsonville

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

  • Beds3
  • Baths1.5

property image

$50,000

4210 Jordan Road, Greer

Bank owned 2 bedroom 2 bathroom home with fireplace in Blue Ridge School District. Has had condemnd and meth lab violations. Needs work and may not qualify for financin...

  • Beds2
  • Baths2.0

property image

$123,600

9 Brockmore Drive, Greenville

Attractive 3 bed/3 bath home up for grabs in Greenville. It's a two story home with a fireplace in the living room, a formal dining room, open eat in kitchen, high ceil...

  • Beds3
  • Baths2.5

property image

$419,528

120 Circle Slope Drive, Simpsonville

This stunning, 3 story, 5 bedroom, 4.5 bath stone and vinyl home is located in the beautiful, wooded Holly Trace neighborhood of Simpsonville, convenient to Woodruff Rd s...

  • Beds5
  • Baths4.5

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. © 2016 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated

Free Daily Email Updates

  • Automated home searches
  • Favorite properties
  • Email updates
  • And much more…