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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$41,580

417 Ccc Camp Road, Greer

If privacy yet convenience is what you're looking for...look no further. This A frame cottage is located at end of private gravel driveway with lots of mature trees, rock...

  • Beds2
  • Baths1.5

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$129,900

20 Michell Drive, Taylors

3 bedroom and 2 bath home located in the Meadow Farms subdivision! Convenient to Wade Hampton and downtown Greenville! New carpet and paint throughout! Move in ready! Com...

  • Beds3
  • Baths2.0

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$95,000

8 Braddock Drive, Taylors

HUD# 461-498759 Insured with repair escrow subject to appraisal. Seller makes no representations or warranties as to property condition. This is an outstanding well estab...

  • 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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$69,900

112 Bluff Greenville Drive, Greenville

Brick ranch home conveniently located close to interstate 85. This home features hardwood floors, beautiful ceramic tile flooring in kitchen, newer carpets, fresh paint, ...

  • Beds3
  • Baths1.5

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$44,520

20 Paris View Drive, Travelers Rest

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

  • Beds3
  • Baths1.0

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$40,000

205 Morningwood Lane, Piedmont

Great starter home or investment property in a quiet setting! This 3 bedroom 2 bath mobile home is convenient to 85 and 385 and only minutes away from downtown Greenville...

  • Beds3
  • Baths2.0

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$127,500

408 Leyswood Drive, Greenville

HUD# 461-410979 Insured with repair escrow subject to appraisal. Seller makes no representations or warranties as to property condition. This is an outstanding well estab...

  • Beds4
  • Baths3.0

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$107,000

30 Blacks Drive, Greenville

HUD# 461-470975 Insured with repair escrow subject to appraisal. Seller makes no representations or warranties as to property condition. This is an outstanding location ...

  • Beds4
  • Baths2.0

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$20,000

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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$63,600

124 Blue Ridge Drive, Fountain Inn

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

  • Beds3
  • Baths1.0

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$50,000

5 June Lane, Greenville

HUD# 461-386604 Insured with repair escrow subject to appraisal.. Seller makes no representations or warranties as to property condition. This home features 3 bedrooms an...

  • Beds3
  • Baths2.0

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$147,000

361 Mt Lebanon Church Road, Greer

This Craftsman Style home features 4 bedrooms with open floor plan . Home as 2 car attached garage and a fenced back yard with built in fire pit for relaxing on lazy even...

  • Beds4
  • 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

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$47,900

520 Chestnut Ridge Road, Marietta

This one level home is loaded with potential. Located in a quiet country setting this home features 3 bedrooms 1 bath . Excellent opportunity for first time buyer. T...

  • Beds3
  • Baths1.0

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$200,000

169 Hannon Road, Marietta

HUD# 461-478519 Uninsured with repair escrow subject to appraisal. Seller makes no representations or warranties as to property condition. Wow !!!!!!!!!!!!!! Incredibly s...

  • Beds6
  • Baths3.5

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$114,900

365 Berry Road, Pelzer

Country roads take me home! Open plan brick ranch on a deep one acre lot with space galore for back yard play. Formal living/dining room quietly says stay a while. Family...

  • Beds3
  • Baths2.0

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$103,500

213 Courtney Circle, Greenville

Cute ranch near Furman University. Large utility room with built-in cabinetry, The master bedroom and the dining area both have bay windows. Kitchen has solid-surface co...

  • Beds3
  • Baths2.0

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$44,900

5 Latimer Ridge Drive, Honea Path

Large 3 bedroom, 2 bath mobile home on corner lot. Home on permanent foundation. Great detached garage/ workshop with electricity. All this on 1.6 acres.

  • Beds3
  • Baths2.0

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$105,000

205 Mistletoe Drive, Greenville

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

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

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