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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$295,000

343 Bridge Crossing Drive, Simpsonville

Amazing Property . Great Location This property is a must see . Lots of Space . Neutral Paint Colors, Gorgeous hardwoods and Unfinished basement freshly painted interio...

  • Beds5
  • Baths4.0

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$154,900

404 Woodford Way, Simpsonville

Great location with an even better price! This one wont last long. Located in The Brooks subdivision not far from Fairview Rd , it offers close proximity to shopping and...

  • Beds4
  • Baths2.5

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$59,900

152 Shipman Road, Marietta

This is a Fannie Mae Home Path property. Located on approximately 2 acres in Marietta, this is a mobile home, which is detitled. The double wide home sits on a solid bric...

  • Beds3
  • Baths2.0

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$408,100

4015 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
  • Baths3.0

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$74,800

120 Shaw Street, Fountain Inn

OCCUPIED property sold through AUCTION only. Interior and exterior inspections are not available and the property is being sold as is. NO TRESPASSING; DO NOT DISTURB T...

  • Beds3
  • Baths2.0

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$229,900

124 Cotter Lane, Greer

Beautiful, recently updated, 4Br/2.5Ba in always popular Hammett Crossing. This home features a formal living room and a formal dining room, a spacious kitchen/breakfast...

  • Beds4
  • Baths2.5

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$185,000

105 Winsford Drive, Greenville

Great Location! A MUST SEE ONE LEVEL BRICK RANCH IN BUXTON!! Nice home that features a living room and dining room, with a separate Breakfast area with laundry area off ...

  • Beds3
  • Baths2.0

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$899,900

1780 Jackson Hollow Trail, Travelers Rest

This huge home has so much to offer! Over 10,000 square feet with 6 bedrooms and 6 full baths. You will walk into a large foyer with dual spiral staircases and soaring ce...

  • Beds6
  • Baths7.5

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$169,900

76 Tilbury Way, Greenville

Spacious 2 bedroom, 2 bath home in Stone Glen subdivision. Fenced yard, large deck and conveniently located close to downtown and cherrydale. Foreclosure in great conditi...

  • Beds2
  • Baths2.0

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$264,500

101 Honey Crisp Way, Simpsonville

What a beauty ... This 4 bedroom ,2.5 bathroom , bonus room , 2 car garage traditional style home is located in Simpsonville .Convenient to schools , shopping , entertain...

  • Beds4
  • Baths2.5

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$89,900

132 Shockley Street, Taylors

For Sale! Quite neighborhood with pool in Taylors. This condo/townhome is an end unit with a side yard. Newer carpet and flooring through out. Kitchen cabinets are like...

  • Beds2
  • Baths2.5

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$59,900

4 Newburg Court, Taylors

3 bedroom 2 baths on cul-de-sac SOLD "AS-IS WHERE IS Seller will make no repairs Needs MAJOR work interior and exterior

  • Beds3
  • Baths2.0

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$79,900

6B Setter Lane, Greenville

Move right into this 2 bedroom 1.5 bath townhome! Foreclosure, being sold as-is.

  • Beds2
  • Baths1.5

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$429,900

7 Rustic Court, Landrum

The Cliffs at Glassy Mountain is a special community designed for homeowners who expect the best. This custom designed 4Br/4.5Ba home is sited on a 1.4 acre, heavily woo...

  • Beds4
  • Baths4.5

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$59,900

63 Estes Plant Road, Piedmont

2004 Clayton Manufactured home 3 Bedroom 2 Bath Living Room with Stone Fireplace, Eat in Kitchen Combo with Range and Dishwasher (White), Master Bath has Separate Shower ...

  • Beds3
  • Baths2.0

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$19,999

321 Penson Road, Honea Path

Seller does not have the title to the mobile home on the property, so seller is conveying this property as land only. The mobile home will not be removed. To be sold as-...

  • Baths0.0

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$99,900

503 Holland Road, Simpsonville

Settled residential area where every season is beautiful. 3BR/2.5 BA Two-story home nestled among giant trees. Plenty of room and close to schools and playground. Large, ...

  • Beds3
  • Baths2.5

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$44,900

19 Redman Drive, Greenville

Here is an Affordable bungalow off State Park Road that has 2 bedrooms and 2 bathrooms. Home also features a workshop on the property. Hurry and call today as this one wi...

  • Beds2
  • Baths2.0

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$179,900

8 Cotter Lane, Greer

Bank Foreclosure. Sold as-is. Beautiful 2 Story Brick Home in Hammett Crossing Subdivision. This 3 bedroom 2 bath home plus bonus room is convenient to shopping and minut...

  • Beds3
  • Baths2.5

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$111,300

34 Uneeda Drive, Greenville

This cozy Cape Cod style home has ample living space for your comfort, with 3 bedrooms and 1.5 bathrooms. Built in 1999, this house is surrounded by mature trees; and of...

  • Beds3
  • Baths1.5

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. © 2017 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated

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