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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$128,450

8 Blossom Park Court, Mauldin

Lots of room in this home! Fenced back yard. Open kitchen area. Alot of sunshine through windows! Needs some tlc!

  • Beds3
  • Baths2.5

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$50,900

20 River Court, 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
  • Baths2.0

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$18,499

3407 Geer Highway, Marietta

Investors Special! Two bedroom one bath home in a good location. Needs some TLC, has great potential! Call us today!

  • Beds2
  • Baths1.0

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$24,750

1120 Antioch Church Road, Greenville

Mobile home has 3/2 with 0.51 acre lot. Can own cheaper than renting.

  • Beds3
  • Baths2.0

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$107,900

209 Balcome Boulevard, Simpsonville

Spacious 3 bedroom 2 bath brick ranch. Detached 2 car garage and in ground swimming pool. SOLD AS IS

  • Beds3
  • Baths2.0

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$107,100

427 Twist Circle, Mauldin

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

  • Beds2
  • Baths2.5

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$75,000

102 Craig Street, Fountain Inn

Don't miss out on this two bedroom one bath bungalow in Fountain Inn. Features include a spacious den, kitchen with separate dining area, laundry room, and a nice covered...

  • Beds2
  • Baths1.0

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$158,700

7 Captains Court, Greer

Home needs some TLC, 3 bedroom 2 full Baths with a unique floor plan. Mature bushes greet you at the entry to this unique home. This is an as-is sale, which requires thir...

  • Beds3
  • Baths2.0

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$114,900

109 Lakeside Court, Greenville

Enjoy lake views from your 10 glass windows sun room, concrete side walks encircles the lake as a walking trail passing the geese, and club house are among the fine ameni...

  • Beds2
  • Baths2.0

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$174,900

2 Lake Harbor Court, Greer

Move in ready cute ranch style home with 3 bedrooms 2 baths , new carpet and paint on level corner lot , minutes to Lake Cunningham

  • Beds3
  • Baths2.0

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$43,500

330 Rock Road, Greer

Three bedroom and 2 bath mobile home, sold as-is, located on 1.59 acres with creek access, flag pole lot with out driveway at this time.

  • Beds3
  • Baths2.0

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$45,000

206 Whitney Street, Slater

Great starter home or investment property.

  • Beds3
  • Baths1.5

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$129,900

1302 Autumn Glen Court, Fountain Inn

Popular Country Gardens in Fountain Inn! This one level 3 bedroom home is in move-in ready condition with new paint, carpet, and appliances. Open floor plan, and large ma...

  • Beds3
  • Baths2.0

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$99,900

952 Anderson Ridge Road, Greer

Big mobile home on brick foundation with over 2300 SF, 4 bedrooms and 2 full baths. This home has built in cabinets in the dining area, hallway, and extra storage in the...

  • Beds4
  • Baths2.0

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$54,900

11 Kondros Circle, Greenville

Brick ranch style home located in Greenville SC . This home is a 3 bedroom 1 bathroom home with a spacious bonus room . This home is convenient to major roads and highway...

  • Beds3
  • Baths1.0

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$54,900

19 Duke Street, Greenville

What a home! Stop paying rent and own for less! This Home is Conveniently located close to town, hospitals, shopping! Home needs some updates, but offers the opportunity ...

  • Beds2
  • Baths1.0

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$169,500

1 Country Knolls Drive, Greer

Listing Broker and Seller assume no responsibility and make no guarantees, representations, warranties (express, implied or otherwise) as to the availability or accuracy ...

  • Beds3
  • Baths2.0

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$89,900

00 Dunklin Bridge Road, Fountain Inn

Country living can be yours with this wooded piece of property with the Reedy River at the rear. If you are looking for your escape to build a cabin or farm, this could b...

  • Baths0.0

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$19,000

2 Deer Forest Lane, Pelzer

Nice Wooded lot! The Mobile home is in need of ALOT of repairs. There is extensive damage to the mobile home! Call me today to learn how to make this awesome home site yo...

  • Beds3
  • Baths2.0

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$39,900

25 Liberty Street, Piedmont

INVESTOR ALERT!!! Large home with over 1700 square feet 4 bedrooms/ 1 bath in the heart of Piedmont, close to schools and major highways. Needs work but priced to move!!...

  • Beds4
  • Baths1.0

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. © 2016 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated

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