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

property image

$150,000

7 Caroleton Way, Greenville

Great Location! Brick 3/2 Ranch with 2 car garage on level, cul-de-sac lot. Sold "AS IS". Bank owned property.. Located in Zone AE of the 100 year flood plain per Pan...

  • Beds3
  • Baths2.0

property image

$209,900

104 Graclan Court, Simpsonville

Awesome deal for this spacious home in Hudders Creek Subdivision! Features include some hardwood floors, living room with double sided gas log fireplace, kitchen with sta...

  • Beds5
  • Baths2.5

property image

$44,900

13 Circle Street, Taylors

This is a Fannie Mae Home Path property. Located in the Taylors Mill , this is a 3 bedroom bungalow with one bath. Included in the bedroom count are two bedrooms create...

  • Beds3
  • Baths1.0

property image

$219,900

5 Bushberry Way, Greer

Traditional two story home conveniently located to town amenities, interstate, and airport. Lots of sq footage for the growing family, 4BR plus bonus. Office area with bu...

  • Beds4
  • Baths2.5

property image

$119,600

100 Richmond Drive Drive, Greenville

Nice traditional style home located in Greenville SC . This home features 4 bedrooms and 2 bathrooms . Convenient to highway 25 and Hwy 85 . Enjoy the privacy of the fenc...

  • Beds4
  • Baths2.0

property image

$96,000

2 Fawn Lake Place, Greenville

Neat 3/2 ranch in Deer Ridge subdivision. Close to interstate travel and local amenities. Level, Corner lot. Built in 1999, square footage = 1199. This property is an E...

  • Beds3
  • Baths2.0

property image

$289,900

107 Waters Reach Lane, Simpsonville

GREAT location just past Five Forks in popular Whitehall Plantation. Very large home offers an open floor plan and fully equipped kitchen! Double ovens and natural gas co...

  • Beds5
  • Baths4.0

property image

$162,900

105 Northcliff Way, Greenville

Leave the hustle and bustle of the city behind every day and come home to the peace and quiet of popular Northcliff. Well maintained 3Br/2Ba home in popular Northcliff. ...

  • Beds3
  • Baths2.0

property image

$94,000

111 White Willow Court, Taylors

Willow Trace- built in 2000 this home has 1,184 sqft, with 3 bedrooms and 2 full baths, a 1 car attached garage on a level lot and it is located on a Cul-de-sac. HUD case...

  • Beds3
  • Baths2.0

property image

$44,800

1600 Haynesworth Road, Greenville

One story, brick facade, 2Br/1.5Ba home in Riverdale Acres. See Member Remarks for auction details.

  • Beds2
  • Baths1.5

property image

$83,000

8512 White Horse Road, Greenville

Don't miss out on this 3 bedroom 3 bath home in Greenville! Features include spacious living room, den with fireplace, kitchen with appliances, breakfast area, and formal...

  • Beds3
  • Baths3.0

property image

$83,200

507 Uneeda Court, Greenville

Newer two-story home. Vaulted master bedroom on main level. Fireplace, downstairs office with outside entry, upstairs laundry. Home needs missing bath fixtures replaced...

  • Beds4
  • Baths2.5

property image

$132,000

413 Holly Lane, Mauldin

Wonderful 4 bedroom, 2.5 bathroom home in the heart of mauldin. Onlt 1/2 mile to mauldin high school. This home features a living room, dining room, den with fireplace, ...

  • Beds4
  • Baths2.5

property image

$61,480

410 Tebblewood Drive, Simpsonville

Make an offer! REO PROPERTY - BANK OWNED. PROPERTY SOLD ‘AS IS’ WITHOUT REPAIR, WARRANTY OR SELLER DISCLOSURE.

  • Beds3
  • Baths1.5

property image

$169,900

100 Kingsridge Drive, Greenville

Adorable ranch in Greenville! Features include three bedrooms, two baths, over 1800 square feet, a spacious living room, dining room, and fenced rear yard! Call us today!...

  • Beds3
  • Baths2.0

property image

$504,178

18 Grove Valley Way, Greenville

Brand new home ready March 2016! The Brookhaven J is the ideal floorplan with large entry Foyer, coffered ceilings in the living room, formal Dining room with trey ceili...

  • Beds6
  • Baths5.0

property image

$39,900

719 S Piedmont Highway, Piedmont

Come take a look at this Cute little home on a level lot with a fenced back yard. Home features a small work shed in back. Hurry and call today to learn more about this ...

  • Beds2
  • Baths1.0

property image

$29,500

29 Doe Street, Greenville

Bungalow - In Greenville city limits. Property will convey with a Quit Claim Deed only. Call agent for details. 10% earnest money required. Sold as is where is. Buyer mu...

  • Beds3
  • Baths1.0

property image

$359,900

53 Richland Creek Drive, Greenville

Best of both worlds! North Main area, but newer construction in popular Richland Creek at North Main. Four bedrooms with two full baths! Large great room opens to breakf...

  • Beds4
  • Baths2.5

property image

$119,000

8 Pennwood Lane, Greenville

Lots of space for the money! Popular State Park Road/Cherrydale area! This location is convenient to everything. Three bedrooms with 1 and 1/2 baths. White bright kitchen...

  • 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. © 2016 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated February 13, 2016

Free Daily Email Updates

  • Automated home searches
  • Favorite properties
  • Email updates
  • And much more…