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

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

1021 Havelock Drive, Taylors SC 29687


1021 Havelock Drive, Taylors

Calling all investors. Here is your next project. This home is in a good location and for a great price. The home has potential for the right person.

  • Beds 3
  • Baths 2.5

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

13 Terrace Road, Travelers Rest SC 29690


13 Terrace Road, Travelers Rest

Hud Case # 461-551949 3 bedroom/2bath home in Travelers Rest. Fenced back yard with above ground pool. Located close to schools and shopping. Detached garage. FHA F...

  • Beds 3
  • Baths 2.0

39 Sunglow Street, Simpsonville SC 29681


39 Sunglow Street, Simpsonville

HUD Case #461-523419 Double wide mobile home with brick foundation. 3bed/2bath. Has open floor plan and den w/fireplace. Level lot close to Woodruff Road Area.

  • Beds 3
  • Baths 2.0

208 Apa Way, Greenville SC 29611


208 Apa Way, Greenville

Located in Lenhardt Village off of White Horse Road in the Berea area, this is the last home on the last street in a cul de sac. Well placed this home features 4 bedroo...

  • Beds 5
  • Baths 2.5

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

219 Spring Crossing Circle, Greer SC 29650


219 Spring Crossing Circle, Greer

Spring Crossing is a collection of town homes built by a national builder in approximately 2002. The community is outstanding with the way it is managed and has a lovely...

  • Beds 2
  • Baths 2.5

841 Altamont Road, Greenville SC 29609


841 Altamont Road, Greenville

Fantastic Paris mountain location, Unique mountain home. Home features, hardwood floors, fireplace, 2 kitchens 4 bathrooms. Frist floor has living area, fireplace and kit...

  • Beds 3
  • Baths 4.0

210 E Shefford Street, Greer SC 29650


210 E Shefford Street, Greer

Beautiful four bedroom, three bath home located in the well-established neighborhood of Silverleaf. This is a one-owner home that has been extremely well-maintained and c...

  • Beds 4
  • Baths 3.0

412 Woodruff Lake Way, Simpsonville SC 29681


412 Woodruff Lake Way, Simpsonville

Great Location!! Home at end of street cul-de-sac lot, with pond access, large front porch, rear deck, hardwood floors on much of first floor, formal living rm/office, di...

  • Beds 4
  • Baths 2.5

429 Log Shoals Road, Greenville SC 29607


429 Log Shoals Road, Greenville

This is a Fannie Mae HomePath property. Purchase this property for as little as 5 percent down. Nature's best. Privacy with a view, 4BR/2.5BA surrounded with woods and wa...

  • Beds 4
  • Baths 2.5

15 Starsdale Circle, Greenville SC 29609


15 Starsdale Circle, Greenville

Nice ranch plan with hardwoods in living, dining, and secondary bedrooms. Rec room and large storage rooms in basement. Screened porch, in-ground pool! Huge master wi...

  • Beds 4
  • Baths 2.5

521 Reid School Road, Taylors SC 29687


521 Reid School Road, Taylors

Classic, 3Br/2Ba, eastside tri-level on a wooded and fenced lot in Taylors. Inside you'll find an oversized living room with a hardwood laminate floor and a fireplace, a...

  • Beds 3
  • Baths 2.0

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. © 2014 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated September 17, 2014

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