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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$29,450

26 Peace Trail None, Pelzer

HUD CASE #461-336472 FHA insured with escrow of 5115.00 Insurability subject to buyers appraisal. Property sold AS-IS.EQUAL HOUSING OPPORTUNITY Spacious 4 br home , lev...

  • Beds4
  • Baths3.0

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$112,200

216 Lyons Drive None, Simpsonville

Unique home with mostly brick exterior. Home is a multi-level design and square footage range includes both levels. Home needs repairs and may not qualify for all financi...

  • Beds3
  • Baths3.0

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$284,900

610 E Silverleaf Street, Greer

Stately, classic, and full brick traditional home in popular Silverleaf. The home is sited on level lot with shade trees, a large deck for outdoor entertaining, and a fe...

  • Beds4
  • Baths2.5

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$96,000

603 Crestfield Road None, Greenville

This spacious home has so much to offer 3 Bd/2Ba home on a large fenced in wooded lot. A great family room w/fireplace ton of windows, kitchen has a breakfast area w/a se...

  • Beds3
  • Baths2.0

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$77,400

909 Strange Road, Taylors

Make an offer on this charming ranch home! It features hardwood floors throughout, huge open kitchen with plenty of cabinet space and it has a large fenced backyard! REO ...

  • Beds3
  • Baths2.0

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$54,900

201 Ballard Road, Honea Path

Bank Owned. Sold AS IS with NO CONTINGENCIES. INSPECT PROPERTY PRIOR TO PRESENTING OFFER. ACREAGE in a private country setting! If you are looking for property, this is f...

  • Beds3
  • Baths2.0

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$206,900

312 Surrywood Drive, Greenville

Foreclosure / Bank - Corporate Owned property in established Ashby Park Subdivision. Convenient Location to may local amenities. The master bedroom is located on the firs...

  • Beds4
  • Baths2.5

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$67,500

122 Shagbark Court None, Simpsonville

3bd2ba with several added rooms for flex space. Master on the main with large walk in closet. Great level, fenced in lot with outbuilding.

  • Beds3
  • Baths2.0

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$109,900

362 Easterlin Way, Greenville

Live a little! Work less-Invest in condo living. Enjoy convenience, privacy, security at The Villa at Woodruff Crossing Condo, a gated Community located within walking di...

  • Beds3
  • Baths2.0

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$54,000

10 Carversham Row None, Piedmont

Chesterfield Estates must see at this price. Ranch style home with 3 bedrooms, open floor plan Rock fireplace, sold as is. Located minutes from Southern Connector and I...

  • Beds3
  • Baths1.0

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$33,999

108 Lockman Drive, Greenville

Investors take note!!!! Good opportunity to add to your investment portfolio. All brick home with 3 BR's and a large fenced in yard.

  • Beds3
  • Baths1.5

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$121,000

19 Chelseabrook Court, Mauldin

Great buy on this home conveniently located in Mauldin. Large great room with fireplace, dine-in kitchen, large master closet, storage room in garage. To be sold as-is...

  • Beds4
  • Baths2.5

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$59,360

17 Borden Circle, Greenville

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

  • Beds3
  • Baths2.0

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$104,900

15 Strawberry Drive, Greenville

Some renovations are completed on this home and this home is waiting for your personal touch to make it all yours. This home is being sold strictly "As Is" and the seller...

  • Beds3
  • Baths1.5

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$26,300

1 Monaview Court None, Greenville

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

  • Beds3
  • Baths1.5

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$116,000

245 Hadley Commons Drive, Mauldin

Three bedrooms and two and one half baths, with new appliances, carpet, laminate flooring, vinyl flooring and interior paint. Kitchen features a huge island and a large b...

  • Beds3
  • Baths2.5

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$168,900

505 Davenport Road, Simpsonville

Newly updated 3br 2.5ba home with all new paint, carpet, appliances have this one showing great! Granite countertops in kitchen plus lots of cabinet space, breakfast eat...

  • Beds3
  • Baths2.5

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$68,900

6 Maxie None, Greenville

Brick ranch on large lot with detached garage/workshop .Plenty of storage. Convenient location, established neighborhood. Sold as is ..

  • Beds3
  • Baths1.0

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$164,500

100 Pendock Lane None, Piedmont

This property is eligible under the Freddie Mac First Look Initiative through 03/08/2015.

  • 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. © 2015 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated March 01, 2015

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