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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$71,200

431 Reedy Fork Road, Greenville

Double wide mobile home with brick foundation. Conveniently located close to Southern Connector. Minutes from the Michelin Plant.

  • Beds3
  • Baths2

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$177,500

14 S Mckinney Road, Travelers Rest

BLUE RIDGE SCHOOLS!! MODULAR three bedroom, 2 full bath one level home situated on .59 acre lot in a quiet country setting but convenient to Travelers Rest area with uniq...

  • Beds3
  • Baths2

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$149,900

225 Lincoln Drive, Taylors

Needing more space , come take a look at this spacious 5 bedroom 4 full bath brick ranch home on 2.79 acres , home features formal living room , nice den with fireplace ...

  • Beds5
  • Baths4

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$80,000

219 Creektop Court, Greenville

Split-bedroom floor plan with open living/kitchen/dining area. Cathedral ceiling in main living areas! Master suite has walk-in closet. Front porch and rear deck. Conveni...

  • Beds3
  • Baths2

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$255,000

431 Riverdale Road, Simpsonville

This lovely 5 bedrooms and 3.5 bath home is perfect just waiting for your Family. Enter the dramatic foyer with separate office / study room & a dining room. Enjoy cookin...

  • Beds5
  • Baths3.5

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$335,000

7 Sneed Drive, Taylors

A Stately Proposition! This elegant brick ranch, located minutes from downtown Greenville in the lovely golf community of Linkside at Pebblecreek, is just the style you h...

  • Beds3
  • Baths2.5

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$125,000

309 Poplar Lane, Mauldin

Property is sold as-is with no warrants or faults. Proof of Funds - must submit offer with financing type; not to change after acceptance, without Seller approval. Proper...

  • Beds3
  • Baths2

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$279,900

304 Neely Farm Drive, Simpsonville

Beautiful 4 bedroom 2.5 bath traditional style home in popular Neely Farms , home has been totally updated , alot of natural light , all new kitchen with new kitchen cabi...

  • Beds4
  • Baths2.5

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$89,987

11 Hicks Court, Greenville

Wholesale Offering! ARV ~ $125,000.00 or more! This is a pre-foreclosure sale – Property to be sold “as is, where is.” Seller will make no repairs. About one mile off ...

  • Beds3
  • Baths2

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$165,000

315 Thompson Road, Taylors

Great opportunity to own this 3 bedroom, ranch style home with fireplace, 1 car attached carport, and over 5 acres. Super location. Close to Greer, Travelers Rest and Gre...

  • Beds3
  • Baths1

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$235,000

16 Overcup Court, Greer

Eastside Location! This home is located on a quiet cul-de-sac, just minutes from Wade Hampton, Pelham and Haywood, and convenient access to I-85 and I-385. This home offe...

  • Beds4
  • Baths2.5

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$239,900

10 Silverthorn Court, Simpsonville

If space is what you need , this home was made for you . Beautiful 4 bedroom 2.5 bathroom home located in the popular Stonewyck Subdivision . Minutes away from Woodruff R...

  • Beds4
  • Baths2.5

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$526,900

427 Coleridge Lane, Simpsonville

Brand NEW energy-efficient home ready December 2018! The Chatsworth bedroom on the first floor is convenient for those last minute guests. The upstairs master suite is co...

  • Beds5
  • Baths4.5

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$514,900

401 Coleridge Lane, Simpsonville

Brand NEW energy-efficient home ready November 2018! With the Chatsworth home, enjoy a work/life balance with a first floor office complimented by a two-story family room...

  • Beds5
  • Baths4.5

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$549,800

105 Strathaven Court, Simpsonville

Brand NEW energy-efficient home ready November 2018! Enjoy breakfast at the kitchen bar flooded with natural light from the windows in the adjacent two-story family room ...

  • Beds5
  • Baths4

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$146,900

100 Rowan Street, Mauldin

This wonderful located home offers three bedrooms and one and a half baths with hardwoods through the majority of the home. The home also has a brick wood burning firepl...

  • Beds3
  • Baths1.5

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$149,900

65 Birdsong Lane, Taylors

This nice size 4 bedroom 2.5 bath home with master bedroom on the main level. This home is great for someone who needs to be in a great location with plenty of space with...

  • Beds4
  • Baths2.5

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$84,900

412 Rabbit Road, Travelers Rest

This property has deeded fee simple strip of land to County Rd ( flag lot ) BUT NO PHYSICAL ACCESS. Driveway which shows on county aerial maps is entirely on adjacent pro...

  • Baths0

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$644,900

323 Foggy Cut Lane, Landrum

Gorgeous mountain views from this amazing custom built home. Large foyer opens to formal dining room that overlooks the 2 story living room featuring a gas log fireplace...

  • Beds4
  • Baths4.5

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$139,900

111 Adams Mill Road, Simpsonville

Recently Renovated. All Brick Ranch home on almost an acre lot . 3 bedrooms 2 bath home has new carpet, new vinyl flooring & new paint. Level lot with detached storage bu...

  • Beds3
  • Baths2

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. © 2018 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated

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