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

$42,500

141 Sweet Water Road, Fountain Inn

3br 2ba mobile home on brick foundation with back deck and level yard on just over 1 acre. Huge great room with corner FP open to the kitchen with plenty of counter and ...

  • Beds3
  • Baths2.0

property image

$189,000

307 Riello Drive, Greer

Beautiful 3br 2.5ba home with bonus room over garage and in the Riverside school district! Laminate floors on main level and all hardwood floors upstairs except for bath...

  • Beds3
  • Baths2.5

property image

$78,900

109 Stratford Road, Greenville

Located on a lovely quiet suburban street in the 29605 zip code of Greenville, this home is well built. The house features an all brick exterior construction, a flat over...

  • Beds3
  • Baths2.0

property image

$39,900

110 Mccullough Street, Piedmont

Foreclosure property, Exempt from SDS requirements. On level usable .99 acre, potential to be a cutie. Some kitchen improvements made, fenced garden area in back, koi po...

  • Beds3
  • Baths1.0

property image

$150,000

408 Putman Road, Fountain Inn

Large house with a small price. AS-IS bank Owned. Bank owned special. Give this two story traditional brick house some TLC, and she’ll reward you with generous amounts...

  • Beds6
  • Baths4.0

property image

$104,900

111 Cherry Lane, Fountain Inn

Hard to find, 4Br/2Ba, tri-level home in easy walking distance to downtown Fountain Inn. The home appears to have been updated in the recent past. Features include stai...

  • Beds4
  • Baths2.0

property image

$45,000

14 Bear Grass Court, Greenville

This is an over 55 community is convenient to shopping, hospitals and downtown...very convenient! This 2 bedroom and 2 and half bathroom has a bathroom for each bedroom a...

  • Beds2
  • Baths2.5

property image

$44,900

386 Old Pelzer Road, Piedmont

This is a Fannie Mae Home Path property. Located just off the Piedmont Hwy between Piedmont and Greenville, this is a true bungalow. There is approximately 900 square f...

  • Beds2
  • Baths1.0

property image

$184,900

75 Great View Lane, Marietta

Beautiful log home with a huge front proch, a wrap around deck, and a million dollar mountain view. Inside you'll find a fantastic great room with a cathedral ceiling, a...

  • Beds2
  • Baths2.0

property image

$126,140

212 White Drive, Mauldin

Come view and make an offer! This spacious split floorplan home offers hardwood floors, tiled kitchen, brick fireplace, covered patio, in-ground pool and it’s convenientl...

  • Beds5
  • Baths2.0

property image

$164,000

204 Rockmont Road, Greenville

Loads of potential in the home . Huge bonus room , formal living room area with a fireplace and hardwoods .Three bedrooms , one full and one half bath. Formal dining room...

  • Beds3
  • Baths1.5

property image

$51,500

8305 White Horse Road, Greenville

Calling all Investors! This brick style house has a full unfinished basement, original hardwood floors, and even more potential! The options are endless as you prepare to...

  • Beds2
  • Baths1.0

property image

$105,000

4 Laws Lane, Piedmont

Come view and make an offer! This charming 1-story ranch style home offers a nice floorplan, patio in the rear, spacious living room, open kitchen, within 5 miles of down...

  • Beds3
  • Baths2.0

property image

$204,900

318 S Harrison Bridge Road, Simpsonville

Work hand in hand with nature. Rough log home on beautiful, peaceful 3 acre lot. Lovely hardwoods and beams throughout the interior of the home 3 bedrooms, 2.5 baths, mas...

  • Beds3
  • Baths2.5

property image

$99,900

4 Snowbird Lane, Greenville

This is a Fannie Mae Home Path Property. Located in a quiet cul-de-sac on the south side of Greenville, this is a Ranch style home with 3 bedrooms. Updated with fresh car...

  • Beds3
  • Baths2.0

property image

$59,900

9 Deering Street, Greenville

Located directly in the path of the massive wave of redevelopment that is sweeping across the West End of Greenville, this 2 story home has all of the charm of the old da...

  • Beds4
  • Baths2.0

property image

$99,900

310 Lily Street, Greenville

This is a Fannie Mae Home Path property. Our home is contemporary in design and was custom built. Featuring over 1800 square feet the property is approximately one half a...

  • Beds3
  • Baths3.0

property image

$95,000

110 Royal Oak Court, Simpsonville

Lots of potential in this two story home featuring four bedrooms, large family room, over 2400 sq ft, well located close to interstate and general shopping.

  • Beds4
  • Baths1.5

property image

$98,500

703 Neely Ferry Road, Simpsonville

3 BD/2 Bath with home. Bank Owned - SOLD "AS IS".

  • 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. © 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…