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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$50,000

395 Spring Park Road, Marietta

2 bedroom 1 bath home in Northern Greenville County on 3+ acre lot. This property conveys with a quit claim deed. 10% earnest money required and to be held by Good Proper...

  • Beds2
  • Baths1.0

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$229,500

200 Downs Road, Greenville

Traditional style home in established neighborhood conveniently located to general shopping and more. This home features 4 BR's and a bonus room. The MASTER is on main le...

  • Beds4
  • Baths2.5

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$112,500

307 Tucson Drive, Greenville

Brick ranch home with front porch, rear fenced yard and detached two car garage or workshop. This home features three bedrooms and one and half bathrooms, den/dining room...

  • Beds3
  • Baths1.5

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$46,000

9 Cody Street, Greenville

Property is a 3 bedroom, 1 bathroom, single family home. Located close to Downtown Greenville. All measurements are approximate, and should be verified by the buyer.

  • Beds3
  • Baths1.0

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$60,000

701 S Florida Avenue, Greenville

Spacious 3500 SF home with tons of potential and lots of possibilities. Features include 5 bedroom, 5.5 bath, living room, den, and enclosed porch. Turn this into a grea...

  • Beds5
  • Baths5.5

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$214,900

15 Swenson Court, Taylors

This is a Fannie Mae Home Path property. Located in the now booming Blue Ridge Plantation area of Taylors, our property features 3 or 4 Bedrooms, depending on whether y...

  • Beds4
  • Baths2.5

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$127,400

127 Kathryan Court, Greenville

This split level home offers 4 bedrooms, 2.5 bathrooms, approximately 1736 square feet of living space, built in 1970, a wooded lot of approximately .47 acres, hardwood f...

  • Beds4
  • Baths2.5

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$105,900

201 Willowtree Drive, Simpsonville

Excellent opportunity to own this 3 bedroom 1 and half bath home conveniently located near all the amenities Simpsonville has to offer. The finished basement gives you th...

  • Beds3
  • Baths1.5

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$294,900

42 Angleblade Road, Landrum

Welcome to the Cliffs At Glassy. This 5 bedroom 2.5 bath home is located in this prestige neighborhood that has many amenities that everyone can enjoy. The home is a fore...

  • Beds5
  • Baths2.5

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$75,000

135 Camden Drive, Piedmont

This sturdy 3-bedroom 2-bath ranch home awaits your updates. This house will make a great starter home with a little TLC and a fresh coat of paint. It has a split floor ...

  • Beds3
  • Baths2.0

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$29,900

214 Willow Road, Marietta

Mobile home situated nice lot home features three bedroom and one baths, living room large, two car detached garage, fenced yard.

  • Beds3
  • Baths1.0

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$33,900

175 W Pine Lake Circle, Greenville

Investors wanted. Great opportunity to own this 3 bedroom, 2 bath, corner lot, fireplace mfg home in the growing Conestee community. Priced right for condition.

  • Beds3
  • Baths2.0

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$137,500

112 Manchester Drive, Mauldin

Features include large great room with fireplace and bay window, formal dining room, covered front porch, deck, outside storage room, fenced backyard. To be sold as-is; n...

  • Beds3
  • Baths2.5

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$139,900

113 Laurel View Lane, Greenville

Recently Renovated and Move-In Ready! This great three bedroom two bath home features a split bedroom floor plan, fresh paint, new carpet and vinyl flooring, new applianc...

  • Beds3
  • Baths2.0

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$180,500

703 Pineapple Pointe, Greenville

Well Maintained spacious 2-story with 3 full baths with one of the 4 bedrooms or home office on the main level. Nice fenced back yard with large deck.This beauty is locat...

  • Beds4
  • Baths3.0

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$69,950

16 Thorn Ridge Lane, Pelzer

This home offers a large lot with privacy and a roomy home with open floor plan. $2,500 appliance allowance with a full price offer. Call appt. center for showing.

  • Beds4
  • Baths2.0

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$859,900

1780 Jackson Hollow Trail, Travelers Rest

Massive 10,000 SF Home on 10.04 Acres! This home offers 6 bedrooms, with each bedroom having its own private bath, large living room, wood burning fireplace, kitchen with...

  • Beds6
  • Baths7.5

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$199,000

5 Vendue Court, Simpsonville

Opportunity Awaits- This Home has approximately 3,000 square feet of living space, with 3 bedrooms, 2 full bathrooms, and 2 half bathrooms. Master suite is spacious with ...

  • Beds3
  • Baths3.0

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$34,900

213 Mattie Campbell Road, Honea Path

Great opportunity to own this 2 bedroom 1 bath fixer upper nestled on approx. 2acres.

  • Beds2
  • Baths1.0

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$139,000

1002 Havelock Drive, Taylors

Fantastic Taylors location, 3 bedroom, 2 bath located in wonderful Peppertree community. Property also features a fireplace, one car attached garage and a nice back yard....

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

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