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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$63,900

218 N Franklin Road, Greenville

Cute bungalow with many possibilities for the first time home buyer or anyone wanting to be close to town, Furman University and The Swamp Rabbit Trail. All are less than...

  • Beds2
  • Baths1.0

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$95,000

101 Marchant Street, Greer

Affordable home within walking distance to downtown Greer! Spacious 3 bedroom 2 bath floor plan with large eat-in kitchen. Living room ceilings are vaulted. Large laun...

  • Beds3
  • Baths2.0

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$49,800

139 Jamison Road, Travelers Rest

Ranch style home 2 bed/2bath, sitting on a large wooded 1 acre lot. Sold AS IS. Must see at this price.

  • Beds2
  • Baths2.0

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$63,000

138 Shadecrest Drive, Mauldin

Brick ranch, three bedroom and two baths, formal living room, dining room, den with fireplace, in-ground pool with new liner and safety net. Sold "as-is".

  • Beds3
  • Baths2.0

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$161,880

19 Kentworth Court, Taylors

All vinyl 2 story with stone craftsman detailing. Inviting front porch, fireplace in den and large deck off the kitchen dining area. This property is now under auction te...

  • Beds4
  • Baths2.5

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$28,900

1216 1st Avenue, Greenville

This is a Fannie Mae Home Path property. Located in an up and coming area of Greenville, just outside the City limits, in Poe Mill, this is a typical mill village home. T...

  • Beds2
  • Baths1.0

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$79,900

111 Daytona Lane, Piedmont

This is your change to have a ton of space for under 80,000. A rare find with 5 bedrooms and 3 bathrooms on generous size lot. Nice one level home has custom cabinetry, ...

  • Beds5
  • Baths3.0

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$74,900

809 Hellams Street Street, Fountain Inn

Like to fix up an old house? Be your own decorator. This 4 bedrooms ranch needs some help to make it a home Bring back the sparkle and you will have made a smart investme...

  • Beds4
  • Baths1.5

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$59,950

208 Williamsburg Drive, Greenville

Brick ranch on nice corner lot. 3bd/1ba home, hardwood floors, attached carport, fenced back yard. Great buy for investment or first time homebuyer

  • Beds3
  • Baths1.0

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$174,900

100 Faulkner Circle, Greer

Beautiful view of the mountains as you drive into this neighborhood! Home has 4 bedrooms and bonus could be 5th bedroom 2 1/2 baths, and lots of space for friends and fam...

  • Beds4
  • Baths2.5

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$19,500

12 Liberty Street, Piedmont

Great investment , 3 bedroom 1 bath home , large front porch , wood burning fireplace , close to shopping and schools

  • Beds3
  • Baths1.0

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$134,900

107 Roe Street, Greer

This is a Fannie Mae home path property. Special incentives are available for first time buyers please ask your agent. Welcome to this inviting ranch style home in a love...

  • Beds3
  • Baths2.0

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$80,100

101 Anchor Road, Greenville

Bank owned, rip out carpet, paint and recarpet and you've got a fine 3/2 with a 2 car garage on a big usable lot- at an affordable price point. Open floor plan, lots of...

  • Beds3
  • Baths2.0

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$265,000

207 Sassafras Drive, Taylors

Enter this unique and wonderful custom cedar and stone home with soaring solid wood 25ft vaulted and beaming ceiling . Master on main level includes 5x6 shower , whirlpoo...

  • Beds3
  • Baths3.0

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$171,600

401 Scarlet Oak Drive, Fountain Inn

Nice floor plan -- formal living and dining rooms, den with fireplace, 9 foot ceilings on first floor. Hardwood floors in the dining room, den, and master bedroom. Leve...

  • Beds4
  • Baths2.5

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$12,500

122 Laurel Valley Way, Travelers Rest

Cherokee Valley Lot, Travelers Rest SC 29690 Bank Owned Lot For Sale When you buy a lot at Cherokee Valley, you’ll enjoy 452 acres with awe-inspiring views of the ...

  • Baths0.0

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$27,500

39 Link Street, Greenville

Calling all investors and do-it-yourselfers!! This SC State Housing foreclosure is ready to be your next investment property! Located minutes from Downtown Greenville, t...

  • Beds2
  • Baths1.0

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$94,000

506 W Arlington Avenue, Greer

Three bedroom one bath home located in the city limits of Greer. Hardwood floors and a beautiful front screened porch. Located on a large corner lot just outside of Downt...

  • Beds3
  • Baths1.0

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$149,900

46 Brisbane Drive, Fountain Inn

Nicely updated home in Country Chase with all new paint and flooring throughout. This one has 5 bedrooms including one on the main level. Open kitchen and great room ar...

  • Beds5
  • Baths2.5

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. © 2015 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated August 02, 2015

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