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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$30,900

474 A Mcmahan Mill Road, Piedmont

This is a Fannie Mae property . Spacious 3 bedroom 2 bath home nice level fenced back yard , large deck for entertaining , open floor plan , on acre lot .

  • Beds3
  • Baths2.0

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$39,900

108 Alice Street, Greenville

Close to downtown Greenville and located near the West End and Pendleton street art district. This 3 bedroom and 1 bath home sits on a level lot with a shaded backyard an...

  • Beds3
  • Baths1.0

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$2,330,000

1240 Altamont Road, Greenville

Subject property is located on Paris Mountain near its summit. Area is a mixture of single family residences, vacant land, a state park and special purpose property. Po...

  • Beds3
  • Baths4.0

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$125,500

47 Birdsong Lane, Taylors

Foreclosure Bank Owned Home..Sold as Is.. If square footage is important please verify.

  • Beds3
  • Baths2.5

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$329,900

127 Gunter Road, Piedmont

Growing family? looking for space? Live up to your expectations. First impressions are important! A gracious foyer greets your guests. Entertain in uncrowded comfort in t...

  • Beds4
  • Baths3.5

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$74,900

419 West Drive, Travelers Rest

Investors Special - 4BR/2BA ranch home in Travelers Rest. Needs renovation, in a nice area with great potential. This is worth taking a look at.

  • Beds4
  • Baths2.0

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$198,900

120 Sandy Lane, Greenville

Move-in ready 4Br/2.5Ba traditional home in Bonnie Brea. The seller has chosen to upgrade this home for marketing. Features include: fresh paint throughout, new carpet,...

  • Beds4
  • Baths2.5

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$304,900

16 Ridenour Avenue, Greenville

Beautiful Charleston Style home with a full basement. This home is just minutes from Furman University and Downtown Greenville. Home has large park directly across the s...

  • Beds4
  • Baths2.5

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$159,900

25 N Henderson Road, Travelers Rest

Bank owned. Bring all offers! This home needs a lot of work and will not qualify for traditional financing but with sweat equity could really be a nice place!

  • Beds4
  • Baths2.0

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$2,000,000

424 Highway 101, Landrum

Unique property with many potential uses at the base of Glassy Mountain in northern Greenville County. Formerly Blue Ridge Christian Academy private school. Could be re...

  • Baths0.0

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$110,000

505 Spring Meadow Road, Simpsonville

Great Simpsonville location, 3 bedroom, 2 and 1/2 bath, fireplace, hardwood floors, fence, 1 car attached garage. Home has lots to offer. Great property at a great price....

  • Beds3
  • Baths2.5

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$359,900

503 Gladstone Way, Greer

Riverwood Farm Subdivision: Gated community Two story spacious Brick traditional style house with 5 bedroom/4 bathroom. Located at the end of a cul-da-sac. Open...

  • Beds5
  • Baths4.0

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$84,900

28 Briarglen Place, Greenville

This is a Fannie Mae Home Path property. I fell in love with this community quietly located in the heart of mid-town off Pelham Road. Built in the 1970's this neighborho...

  • Beds3
  • Baths2.5

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$124,900

1016 Willow Branch Drive, Simpsonville

3br 2ba ranch with a full unfinished basement just waiting for your vision. House measures approximately 1500 SF and could be close to 3000 with a finished basement! Pa...

  • Beds3
  • Baths2.0

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$34,900

241 Derrick Lane, Simpsonville

This property is eligible under the Freddie Mac First Look Initiative through 10/06/16. Freddie Mac First Look Initiative: Freddie Mac will offer homebuyers and select no...

  • Beds3
  • Baths2.0

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$304,900

207 Saddlebred Drive, Pelzer

This 4 bedroom, 3 bath home sits on a large corner lot in the prestigious Saddlehorn community which blends the best of both rural and neighborhood living. The home featu...

  • Beds4
  • Baths3.0

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$434,900

2 Spring Moss Court, Simpsonville

Wow! Huge house! This beauty in Carson's Pond has a total of 5 bedrooms with a bonus room that has a closet so could be 6 bedrooms PLUS nearly 2000 SF of potential spac...

  • Beds5
  • Baths3.0

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$244,900

4 Whiffletree Drive, Simpsonville

Newly updated 4br home in popular Neely Farm! New paint, flooring, appliances, kitchen countertops, kitchen sink and faucet, new sliding door to rear deck, termite bond ...

  • Beds4
  • Baths2.5

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$71,900

4614 Old Spartanburg 26 Road, Taylors

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

  • Beds2
  • Baths1.0

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$204,500

10 Sprouse Farm Way, Fountain Inn

Newer two-story home with master suite on main! Formal dining room, corner fireplace in great room, 9 foot ceilings down. Huge laundry room. Nice architectural feature...

  • Beds4
  • Baths2.5

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

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