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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$40,000

202 Dukeland Drive, Greenville

What a Cute little 2 bedroom bungalow, with a 2 car detached garage, close to Cherrydale and Downtown Greenville. With some TLC, this could be a real dollhouse. This home...

  • Beds2
  • Baths1.0

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$170,000

401 Meadow Hill Way, Greer

Awesome buy in Brushy Meadows Subdivision! Features include 3 bedroom, 2.5 bath, some hardwood floors, bonus room, and a relaxing screened porch. Main level master suite ...

  • Beds3
  • Baths2.0

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$38,000

309 Sunny Lane, Piedmont

HUD# 461-380591 Insured with repair escrow subject to appraisal.. Seller makes no representations or warranties as to property condition. This home features 2 bedrooms a...

  • Beds2
  • Baths1.0

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$62,500

701 Jonesville Road, Simpsonville

HUD# 461-568990 Insured with repair escrow subject to appraisal.. Seller makes no representations or warranties as to property condition. This home features 2 bedrooms ...

  • Beds2
  • Baths1.0

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$112,500

218 Hunts Bridge Road, Greenville

HUD# 461-418080 Insured with repair escrow subject to appraisal.. Seller makes no representations or warranties as to property condition. This home is perfect for someone...

  • Beds3
  • Baths2.0

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$53,500

105 Sparsewood Street, Simpsonville

Garage has been enclosed to make a living room. Kitchen has good-sized serving bar facing the dining area. Laundry connections and water heater in storage room. Home nee...

  • Beds4
  • Baths1.5

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$109,900

203 Creighton Drive, Taylors

This is a Fannie Mae Home Path property. Located in a lovely established area of older brick ranches, this home features three bedrooms and two baths. There is a formal l...

  • Beds3
  • Baths2.0

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$175,500

809 Woodsford Drive, Greenville

Very nice unit with master on main! Vaulted great room with fireplace that also looks into the dining room. Yes, there is both a sun room and a screened porch! Most of...

  • Beds3
  • Baths2.5

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$65,000

2215 E Lee Road, Taylors

HUD# 461-588118 Insured with repair escrow. Seller makes no representations or warranties as to property condition. This home is perfect for someone looking for one level...

  • Beds3
  • Baths2.0

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$249,900

14 Kilmington Court, Fountain Inn

Settled residential area away from the turmoil of traffic. Vaulted ceilings give this Home a very open and bright feeling 4BR + Rec room 2.5 BA and a large 2 car garage; ...

  • Beds4
  • Baths2.5

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$52,500

112 Sunset Avenue, Greer

This is a Fannie Mae home path property. Located very conveniently to the Century Park in the City of Greer, this bungalow has 2 bedrooms and one full bath. Situated at t...

  • Beds2
  • Baths1.0

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$129,900

7 Caroleton Way, Greenville

Bank Owned! Three bedroom, two bath brick home off Pelham Rd. Home is at end of cu-de-sac. Features living room, dining room, sun room and laundry room.

  • Beds3
  • Baths2.0

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$224,900

206 Lansfair Way, Greenville

This property is eligible under the Freddie Mac First Look Initiative through 06/12/16. Freddie Mac First Look Initiative: Freddie Mac will offer homebuyers and select no...

  • Beds3
  • Baths2.0

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$98,000

102 Mona Way, Greenville

2 story traditional style home 3bed/2bath. Convenient location. Screen in rear porch. Convenient to White Horse Road shopping area. Must see at this price

  • Beds3
  • Baths2.0

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$97,500

213 Delray Circle, Greenville

Farmington Acres: Brick ranch home 3bed/2bath with attached garage. Dining room. Large rear deck. Located close to shopping. Must see at this price.

  • Beds3
  • Baths2.0

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$38,099

29 Wright Way Lane, Simpsonville

Large doublewide in good location. The home has a newer addition on the back. Permanent foundation, split bedroom plan, large deck. Roof has leaked and needs repair, so ...

  • Beds4
  • Baths3.0

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$40,000

100 Country Walk Lane, Simpsonville

Great price on a manufactured home in popular Country Walk. Large yard, rear deck, brick foundation. Split bedroom design. Master bath has large garden tub and separat...

  • Beds3
  • Baths2.0

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$31,900

9 Looper Street, Greenville

Excellent opportunity for an investor to add inventory to his rental portfolio. The unit is a 3Br/1.5Ba home that sits just minutes from both Hwy 123 and White Horse Rd....

  • Beds3
  • Baths1.5

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$47,900

30 Bigby Street, Greenville

This is a Fannie Mae Home Path property. Located in the up and coming area off of Hwy. 291 and Pleasantburg Drive, this is a three bedroom and two bath bungalow. This ne...

  • Beds3
  • Baths2.0

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$92,500

108 Horseback Way, Travelers Rest

This is a Fannie Mae HomePath property. 4BR/2BA 1998 Homes of Merit DWMH with brick underpinning on level, 2.4 acre, cul-de-sac lot. Home features architectural shingle ...

  • Beds4
  • 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. © 2016 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated

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