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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$145,000

309 Packridge Road, Taylors

Looking for a large home at an incredible price? This four bedroom has a lot to offer. Living room and formal dining room and kitchen on main level. Huge deck for enterta...

  • Beds4
  • Baths2.5

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$164,900

304 Revis Creek Court, Simpsonville

Hard to find one story, 4Br/2Ba, move-in ready home with all of the kitchen appliances included. This home features an open floor plan, a split bedroom design, a huge gr...

  • Beds4
  • Baths2.0

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$134,000

102 Woodvale Circle, Greer

Affordable, move-in ready, 3Br/2Ba, ranch home just off Wade Hampton Blvd in Greer. This home features fresh interior paint, new carpeting, and a new water heater. The ...

  • Beds3
  • Baths2.0

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$128,000

150 Stallings Road Unit B5, Taylors

Come see this lovely Townhome beside the # 5 Fairway of Pebble Creek Country Club. ( Club Membership not included with home). Conveniently located close to Greenville an...

  • Beds3
  • Baths2.5

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$58,000

203 Henderson Drive, Travelers Rest

This is a Fannie Mae Homepath property. Special first time buyers may be eligible for special incentives.Located directly off the Swamp Rabbit Trail and within walking d...

  • Beds3
  • Baths1.0

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$187,900

6 Blue Slate Court, Greenville

Here is an awesome one level home with a bonus room over the garage! Great opportunity to be able to Enjoy a great neighborhood with pool amenities in a great location ne...

  • Beds3
  • Baths2.0

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$115,600

102 Cliffwood Court, Fountain Inn

Looking for a little home close to downtown Fountain Inn? This great little three bedrooms is located on a quite cul-de-sac just minutes from the activities and shops of ...

  • Beds3
  • Baths1.5

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$129,900

4 Seminole Drive, Simpsonville

Large, 4 bedroom, 2.5 bath home with Living room, den, and bonus room. Hardwood floors in foyer, living room, master bedroom, and 2 other bedrooms. Big, bright windows th...

  • Beds4
  • Baths2.5

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$194,500

211 Montclair Road, Greer

HUD# 461-430136 FHA Insured with repair escrow subject to appraisal.. Seller makes no representations or warranties as to property condition. . The home has very sprawl...

  • Beds3
  • Baths3.0

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$31,900

53 Hallmark Drive, Pelzer

Great investor opportunity. 1800+/- sq ft situated on 2.2 acres. Home has plenty of potential. Property is sold as-is

  • Beds3
  • Baths2.0

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$65,000

00 Locust Hill Road, Greer

Almost 1 acre level lot to build your choice home in beautiful Greer. Well-established neighborhood with minimal restrictive covenants. So convenient but beautiful count...

  • Baths0.0

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$99,900

288 Goodwin Road, Travelers Rest

Approximately 2026 Sq Ft 4 Bedroom 2 Bath Double Wide on 1 Acre Living Room, Den w/Fireplace, Large Island Kitchen, Large Master Suite w/Retreat Huge Walk in Closet, His ...

  • Beds4
  • Baths2.0

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$544,000

8 Deer Valley Court, Travelers Rest

If you're looking for a property with easy maintenance, This 3200+ square ft Mountain Home is perfect for you. There is virtually "NO LAWN TO CUT!" The landscape has been...

  • Beds4
  • Baths4.0

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$199,000

904 Jacobs Road, Greenville

Beautiful ranch style home,must see,former parsonage.

  • Beds4
  • Baths2.0

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$209,000

30 Blacks Drive, Greenville

LOCATION, LOCATION AND MORE LOCATION!!!!!! The seller hates leaving her home behind, but she has been transferred with her job. You have to see this one to appreciate it....

  • Beds4
  • Baths2.0

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$477,000

117 Woodbridge Way, Simpsonville

This gorgeous all brick traditional style home offers plenty of living space, a nice floorplan with 5 bedrooms, 3.5 bathrooms, an elegant interior, tiled kitchen with isl...

  • Beds5
  • Baths3.5

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$109,200

329 E Celestial Drive, Greer

Come view and make an offer! This home offers a nice floorplan with 3 bedrooms, 2 bathrooms, beamed high vaulted ceilings, stone fireplace, front porch, patio, fenced bac...

  • Beds3
  • Baths2.0

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$109,900

308 Old Paris Mountain Road, Greenville

Why rent when you can own this adorable newly constructed home within cycling distance to downtown Greenville cheaper than downtown rent. This home boast a split floor pl...

  • Beds3
  • Baths2.0

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$249,900

8 Groveview Trail, Mauldin

A home for those accustomed to the best! Spacious 4 Bedroom with master on the 1st floor and large bonus room. Bonus room can be converted to 5th bedroom. The living room...

  • Beds4
  • Baths2.5

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$159,900

210 Goldfinch Circle, Greer

Cozy 3 bedroom 2 bathroom home with 2 car enclosed garage with entrance into the home. Minor upgrades needed to make this home a cozy living space. Has a fireplace with ...

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

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