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

505 Foxhound Road, Simpsonville SC 29680

$139,900

505 Foxhound Road, Simpsonville

Home has another 400-500 sq ft in unfinished basement. Needs updates but features 2 fireplaces, large master bath, full laundry room, formal dining room, and partially fe...

  • Beds 3
  • Baths 2.5

152 Parnell Bridge Road, Marietta SC 29661

$27,800

152 Parnell Bridge Road, Marietta

Great buy on this three bedroom ranch in Marietta! Home features an open floor plan, a back deck for entertaining, and sits on 1.6 acres! This deal won't last long. Call ...

  • Beds 3
  • Baths 1.0

4 Queensbury Drive, Greenville SC 29617

$99,900

4 Queensbury Drive, Greenville

Foreclosure, Bank Owned, Corporate Owned, Investment Property, Fixer Upper: However you wish to call it, this property is a 3 bedroom 2.5 bath with plenty of room to turn...

  • Beds 3
  • Baths 2.5

7 Melvin Drive, Greenville SC 29605

$67,840

7 Melvin Drive, Greenville

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

  • Beds 3
  • Baths 1.5

1213 S Highway 14, Greer SC 29650

$116,600

1213 S Highway 14, Greer

This is a nice home and location. Very large detached garage. Full basement with all possibilities. Can be a great workshop or finish the basement. Might not last long b...

  • Beds 3
  • Baths 1.5

408 Townes Street Unit Unit 25, Greenville SC 29601

$120,800

408 Townes Street Unit Unit 25, Greenville

Well maintained, end unit, 2Br/1.5Ba, townhouse in the Village at Townes that allows downtown living at an affordable price. Inside you'll find a large living room with ...

  • Beds 2
  • Baths 1.5

302 Frostberry, Fountain Inn SC 29644

$98,000

302 Frostberry, Fountain Inn

Well maintained 3Br/2Ba home in popular Eaglewatch. Inside you'll find a large great room with a cathedral ceiling, a white kitchen with stainless steel appliances, a sp...

  • Beds 3
  • Baths 2.0

304 Tanner Chase Way, Greenville SC 29607

$163,000

304 Tanner Chase Way, Greenville

Lovely two story home, 4Br/2.5Ba, in popular Summerfield. The interior features a two story entry, a large great room with a fireplace that's open to the kitchen/breakfa...

  • Beds 4
  • Baths 2.5

19 Verner Creek Court, Greenville SC 29609

$67,840

19 Verner Creek Court, Greenville

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

  • Beds 3
  • Baths 1.5

1401 West Lakeshore Drive, Landrum SC 29356

$37,000

1401 West Lakeshore Drive, Landrum

Lake Lanier Bank Owned Foreclosure.. 7.107 acres one of the largest parcels for sale around Lake Lanier with lake views possible from certain areas on this property. May ...

  • Beds
  • Baths

250 Reeves Street, Greenville SC 29605

$39,900

250 Reeves Street, Greenville

This is a Fannie Mae HomePath property. 2BR/1BA home with 0.20 acre lot. Home features some hardwood floors, front porch, rear deck and convenient to Greenville Memorial ...

  • Beds 2
  • Baths 1.0

315 Quail Run Circle, Fountain Inn SC 29644

$190,000

315 Quail Run Circle, Fountain Inn

Nice looking cape cod style home on corner lot with approx. 2/3 acre, fenced yard and nice trees. Big front porch and even bigger rear deck with a lower level off the ba...

  • Beds 4
  • Baths 2.5

209 Worchester Place, Simpsonville SC 29680

$279,900

209 Worchester Place, Simpsonville

This is a Fannie Mae HomePath property. It's the lifestyle you deserve...charming 4BR/3.5BA home in Neely Farm Subdivision. Two story foyer, open staircase, hardwoods on ...

  • Beds 4
  • Baths 3.5

8 Squirrel Hollow  Court, Greer SC 29651

$94,900

8 Squirrel Hollow Court, Greer

**MULTIPLE OFFERS / PLEASE SUBMIT HIGHEST & BEST BY 10:00 am 10/28/2014...ALL OFFERS MUST BE SUBMITTED WITH COMPLETED OFFER CHECKLIST (in Associated Doc) Bedroom 2 Full b...

  • Beds 3
  • Baths 2.0

2909 E North Street, Greenville SC 29615

$89,725

2909 E North Street, Greenville

This home needs repairs and is a perfect opportunity for someone that wants sweat equity. Great location that is convenient to all major highways for commuting.

  • Beds 3
  • Baths 2.0

130 Spring Forest Drive, Simpsonville SC 29681

$484,900

130 Spring Forest Drive, Simpsonville

Wow. This is a big house on a gorgeous almost 5 acre lot. Inground pool with brand new liner and safety pool cover, huge deck, shed outbuilding and a GIANT 40x40 buildi...

  • Beds 5
  • Baths 4.5

12 B Wallace  Street, Greenville SC 29605

$44,900

12 B Wallace Street, Greenville

This is a Fannie Mae HomePath Property. 3BR/1.5 BA vinyl sided bungalow on 0.26 acre lot. Home features front porch, fenced rear yard, Master on main level. Convenient l...

  • Beds 3
  • Baths 1.5

220 Loraine Drive, Simpsonville SC 29680

$344,900

220 Loraine Drive, Simpsonville

Up to $1000 Selling Agent bonus with broker approval may be available on this property. Ask the Listing Agent, Eligibility restrictions apply. This is a Fannie Mae HomePa...

  • Beds 4
  • Baths 3.5

201 Evelyn Drive, Greenville SC 29605

$35,900

201 Evelyn Drive, Greenville

Bank Owned. Sold AS IS with NO CONTINGENCIES. INSPECT PROPERTY PRIOR TO PRESENTING OFFER. 1999 Pioneer 28x76 mobile home on 0.30 acres. Home offers 4 bedrooms, 2 full bat...

  • Beds 4
  • Baths 2.0

1 Mossycup Road, Taylors SC 29687

$189,900

1 Mossycup Road, Taylors

Bank Owned! Easy living with yard maintenance taken care of by the HOA. Conveniently located between Greenville and Spartanburg; minutes from beautiful Lake Robinson. Thi...

  • Beds 4
  • Baths 2.5

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. © 2014 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated October 31, 2014

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