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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$141,750

402 Knollwood Drive, Mauldin

Home is located in a well established neighborhood. Home is very spacious featuring 4 bedrooms. Home as large backyard fenced. Equal Housing Opportunity.

  • Beds4
  • Baths3.5

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$34,500

416 Marlena Avenue, Piedmont

This property is eligible under the Freddie Mac First Look Initiative through 07/14/16. Freddie Mac First Look Initiative: Freddie Mac will offer homebuyers and select n...

  • Beds3
  • Baths2.0

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$289,900

540 Reedy Fork Road, Piedmont

Attention Investors!!! This is a 4 bedroom 4 and a half bath home that is in need of work. The home offers 10.6 +/- acres of land. There is a field where horses could be ...

  • Beds4
  • Baths4.5

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$124,900

313 Lanewood Drive, Greenville

Settled residential area convenient to everything! Great home for an active family, plenty of room and close to schools and playground; features three bedrooms, two baths...

  • Beds3
  • Baths2.0

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$148,000

14 Calalla Court, Taylors

HUD# 461-466305 Insured with repair escrow subject to appraisal. Seller makes no representations or warranties as to property condition. This is an outstanding subdivisio...

  • Beds5
  • Baths3.0

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$84,000

111 Princess Avenue, Greenville

3br full brick ranch with lots of potential. Hardwood floors, big great room with wood FP and built in shelving and a huge front window for tons of natural light. Front s...

  • Beds3
  • Baths1.0

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$63,600

11 Melrose Road, 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
  • Baths1.5

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$110,000

213 Highland Drive, Greer

Great location just a mile off Wade Hampton Blvd. Home features 3 bedroom and 2 baths with front porch and large deck.

  • Beds3
  • Baths2.0

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$32,000

4 Owens Street, Greenville

Great investment opportunity. Bungalow style home with enclosed front porch and fenced in yard.

  • Beds2
  • Baths1.0

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$64,900

1469 Highway 414, Travelers Rest

good location, discounted for condition. almost acre lot

  • Beds3
  • Baths2.0

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$150,000

112 Brookbend Court, Mauldin

HUD# 461-413772 Insured with repair escrow subject to appraisal. Seller makes no representations or warranties as to property condition. Wow !!!!!!!!!!!!!! Lot's of squar...

  • Beds3
  • Baths2.5

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$37,900

101 Horseback Way, Travelers Rest

Doublewide on permanent foundation. Split bedroom plan, den with fireplace. Master bath has separate shower and tub as well as double sinks. Large lot convenient to Trav...

  • Beds3
  • Baths2.0

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$69,000

00 Locust Hill Road, Greer

Almost 1 acre level lot to build your choice home in beautiful Greer. Well-established neighborhood with minimal restrictive covenants. So convenient but beautiful count...

  • Baths0.0

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$89,900

22 Maravista Avenue, Greenville

This is a Must See Awesome Townhome that is just 10-15 Minutes from Downtown Greenville, Cherrydale shopping, Furman University, the MOUNTAINS AND a short walk/drive to T...

  • Beds3
  • Baths2.5

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$40,000

202 Dukeland Drive, Greenville

What a Cute little 2 bedroom bungalow, with a 2 car detached garage, close to Cherrydale and Downtown Greenville. With some TLC, this could be a real dollhouse. This home...

  • Beds2
  • Baths1.0

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$109,900

203 Creighton Drive, Taylors

This is a Fannie Mae Home Path property. Located in a lovely established area of older brick ranches, this home features three bedrooms and two baths. There is a formal l...

  • Beds3
  • Baths2.0

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$229,900

14 Kilmington Court, Fountain Inn

Settled residential area away from the turmoil of traffic. Vaulted ceilings give this Home a very open and bright feeling 4BR + Rec room 2.5 BA and a large 2 car garage; ...

  • Beds4
  • Baths2.5

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$45,900

112 Sunset Avenue, Greer

This is a Fannie Mae home path property. Located very conveniently to the Century Park in the City of Greer, this bungalow has 2 bedrooms and one full bath. Situated at t...

  • Beds2
  • Baths1.0

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$209,900

206 Lansfair Way, Greenville

We have multiple offers. Please submit signed multiple offer procedure form located under associated docs with your buyer's highest and best offer by 12:00 pm 06/24/16. ...

  • Beds3
  • Baths2.0

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$98,000

102 Mona Way, Greenville

2 story traditional style home 3bed/2bath. Convenient location. Screen in rear porch. Convenient to White Horse Road shopping area. Must see at this price

  • 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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