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

15 Starsdale Circle, Greenville SC 29609

$184,900

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

$77,500

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

2 Saint Mark Road, Taylors SC 29687

$147,900

2 Saint Mark Road, Taylors

This is a Home Path Fannie Mae property - You can own this home with 5% down and have no Mortgage Insurance Premium! It is eligible for a home path or a home path renov...

  • Beds 3
  • Baths 2.5

109 Scarsdale Street, Simpsonville SC 29680

$75,000

109 Scarsdale Street, Simpsonville

Foreclosure available in a great location! This home features a two car carport, fenced backyard, hardwood floors, and a large, open kitchen. There is an unfinished roo...

  • Beds 3
  • Baths 1.0

1 Saluda Fern Court, Greenville SC 29611

$59,900

1 Saluda Fern Court, Greenville

Nice home with large rooms on a corner lot with mature trees. Home is a bank owned foreclosure being sold as-is. Bank is willing to finance the property to qualified ...

  • Beds 4
  • Baths 2.0

2 Stonebrook Farm Way, Greenville SC 29615

$524,900

2 Stonebrook Farm Way, Greenville

Gorgeous home in popular Stonebrook Farm! Seller just finished up with new paint, carpet throughout and newly refinished hardwood floors. Vaulted ceiling in den with ga...

  • Beds 4
  • Baths 4.5

109 Montclair Road, Mauldin SC 29662

$42,800

109 Montclair Road, Mauldin

Seller is entertaining cash deals only. Home has roof, ceiling and subfloor damage. Vaulted great room, fireplace, formal dining room, full laundry room. To be sold as...

  • Beds 3
  • Baths 2.0

103 Freestone  Street, Greenville SC 29605

$37,500

103 Freestone Street, Greenville

This is a Fannie Mae HomePath Property. So much potential for this cute 3BR/1BA vinyl ranch on 0.23 acre lot. A cozy inviting home with a wonderful, big fenced backyard. ...

  • Beds 3
  • Baths 1.0

986 East Lakeshore Drive, Landrum SC 29356

$329,000

986 East Lakeshore Drive, Landrum

LAKE LANIER WATERFRONT MOUNTAIN LAKE HOME on DEEP WATER with Private Dock and 222 feet of Water frontage on a double lot- Home has Mother in-Law Suite and around 3,400 sq...

  • Beds 5
  • Baths 3.0

107 Tolar Road, Travelers Rest SC 29690

$51,300

107 Tolar Road, Travelers Rest

Great opportunity to own this 1-story ranch home with hardwood floors and .66 acres! Make an offer! This home needs repairs. REO PROPERTY - BANK OWNED. PROPERTY SOLD ...

  • Beds 2
  • Baths 2.0

104 Pueblo Drive, Greenville SC 29617

$103,900

104 Pueblo Drive, Greenville

Brick ranch with some updating completed. Large fenced back yard for kids to play. Only minutes to Furman or downtown. Owner will consider financing with any job, any cr...

  • Beds 3
  • Baths 2.0

117 Faust  Place, Travelers Rest SC 29690

$129,900

117 Faust Place, Travelers Rest

3BR/2BA vinyl sided ranch home on 0.67 acre, cul-de-sac lot. Home features a two car attached garage, rear deck, attic storage and gas log fireplace.

  • Beds 3
  • Baths 2.0

1754 Highway 418, Pelzer SC 29669

$41,999

1754 Highway 418, Pelzer

Tax records state 7.59 acres. Aerial records show a power line easement, and a petroleum easement also apparently crosses the property. Part of driveway also appears to b...

  • Beds 3
  • Baths 2.0

65 Maxie Avenue, Greenville SC 29611

$34,900

65 Maxie Avenue, Greenville

Investor special!! Sold AS-IS. No Seller Disclosure. This is a foreclosure in need of lots of work but priced accordingly. The Bank says: Bring all offers.

  • Beds 3
  • Baths 1.5

212 Chestnut Avenue, Greer SC 29651

$99,900

212 Chestnut Avenue, Greer

This is a Fannie Mae Home Path Property. This home is eligible for a Home Path renovation mortage loan. You can own this home with as little as 5% down. Please visit www....

  • Beds 2
  • Baths 1.5

248 Highgate Circle, Greer SC 29650

$164,900

248 Highgate Circle, Greer

This is a Fannie Mae Home Path Property. It is eligible for Home Path or Home Path Renovation Mortgage financing. You can own this home with as little as 5% down payment ...

  • Beds 3
  • Baths 2.5

$29,500

3 4th Street, Greenville

This is a Fannie Mae Home Path property. It is eligible for both a Home Path and a Home Path renovation mortgage loan. You can own this property for as little as 5% down ...

  • Beds 3
  • Baths 1.0

169 Long Cane Lane, Pelzer SC 29669

$55,120

169 Long Cane Lane, Pelzer

Charming home in country setting! Features include a covered front porch, wood deck, crown molding, hardwood floors, large open kitchen and it's located on 5+ acres! Make...

  • Beds 2
  • Baths 1.0

122 Camden Drive, Piedmont SC 29673

$58,000

122 Camden Drive, Piedmont

Make an offer! This large 1-story ranch home features hardwood/ tile/ carpet floors crown molding throughout and it's located on almost 3/4 of an acre! REO PROPERTY - BAN...

  • Beds 4
  • Baths 2.0

14 Victor Street, Greenville SC 29609

$679,900

14 Victor Street, Greenville

BANK OWNED!! Apprx 23000 sqft warehouses with office space sitting on 2.13 acres with loading dock.

  • Beds
  • Baths

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 01, 2014

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