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

105 Shadowood Drive, Simpsonville SC 29681


105 Shadowood Drive, Simpsonville

Located in the original part of Shadowood where the lots are large and so beautifully wooded, this wonderful family home has had painting done on the interior. It is rea...

  • Beds 4
  • Baths 2.5

510 Barnswallow  Drive, Simpsonville SC 29680


510 Barnswallow Drive, Simpsonville

2 story home with formal living and dining rooms. Carpet and paint needed, but home has fireplace, fenced backyard, and small office off one bedroom. To be sold as-is;add...

  • Beds 4
  • Baths 2.5

116 Sylvan Oak Way, Simpsonville SC 29681


116 Sylvan Oak Way, Simpsonville

Three story, 3Br/3.5Ba, town house near downtown Simpsonville. Easy access to I-385, shopping on Fairview Rd and Woodruff Rd, and a fast 15 minutes drive to downtown Gre...

  • Beds 3
  • Baths 3.5

32 Gridley Street, Greenville SC 29609


32 Gridley Street, Greenville

This is a Fannie Mae Home Path home. It is not eligible either Home Path or Home Path renovation mortgage financing. You can learn more about this property by visiting ...

  • Beds 2
  • Baths

826 Chesley Drive, Simpsonville SC 29680


826 Chesley Drive, Simpsonville

Nice lot, front deck, back porch, three bedrooms, large kitchen, needs prior to closing to determine that property is in the same condition as when the offer to purchase ...

  • Beds 3
  • Baths 2.0

112 Maravista, Greenville SC 29617


112 Maravista, Greenville

Welcome to Glenlea, a darling community of a variety of homes built between 2006 and 20014 in the Furman University area. This is a Fannie Mae home path property. It is ...

  • Beds 4
  • Baths 3.0

18 Maywood Drive, Taylors SC 29687


18 Maywood Drive, Taylors

Perfect location! 3BR 1BA home in Thornwood subdivision. Great level backyard with plenty of space, outbuilding, mature trees in the front yard, Large Kitchen Dining room...

  • Beds 3
  • Baths 1.0

3 Homeplace Court, Simpsonville SC 29680


3 Homeplace Court, Simpsonville

This property is eligible under the Freddie Mac First Look Initiative through 08/10/14.

  • Beds 3
  • Baths 2.0

301 Two Gait Lane, Simpsonville SC 29680


301 Two Gait Lane, Simpsonville

Ranch plan featuring vaulted great room, fireplace, full laundry room, and screened porch. Master bedroom also has a vaulted ceiling. Ready for your updates. To be sold a...

  • Beds 3
  • Baths 2.0

14 Otago Place, Greenville SC 29605


14 Otago Place, Greenville

This is a Fannie Mae Home Path property. It is eligible for both home path and home path renovation mortgage financing. You can own this home with as little as 5% down ...

  • Beds 5
  • Baths 3.5

1 Blairhunt  Drive, Taylors SC 29687


1 Blairhunt Drive, Taylors

Traditional on Corner Lot! Wonderful neighborhood great schools and amenities. Great buy in sought after area. Over 2200 sq. ft. 3 bedrooms 2.5 baths, and bonus room . V...

  • Beds 3
  • Baths 2.5

200 Lily Pond Lane, Taylors SC 29687


200 Lily Pond Lane, Taylors

A must see! This 1-story home features a covered front porch, patio, vaulted ceilings, corner fireplace, fenced backyard, level lot and a large open kitchen with a bar! M...

  • Beds 3
  • Baths 2.0

4 Churchwill Court, Simpsonville SC 29681


4 Churchwill Court, Simpsonville

Charming, modern, ranch located on a quiet cul-de-sac lot in Cedar Glen that's been designed for today's more casual lifestyle. This home features a large Greatroom with...

  • Beds 3
  • Baths 2.0

215 Richmond Drive, Greenville SC 29617


215 Richmond Drive, Greenville

THIS IS A FANNIE MAE HOME PATH PROPERTY. You can own this home with as little as 5% down if you chose to use a Home Path Renovation Mortgage loan. This type of loan allow...

  • Beds 3
  • Baths 2.0

103 Shadowcreek Court, Simpsonville SC 29681


103 Shadowcreek Court, Simpsonville

Don't miss out on this great opportunity! This 1.5-story colonial home features an inviting front porch, large kitchen, wood deck in the rear, hardwood/ tile floors! Need...

  • Beds 3
  • Baths 2.0

145 Scarlett Street, Greenville SC 29607


145 Scarlett Street, Greenville

One level brick ranch home located in Sherwood Forest near Greenville Tech. The home features a big living room, long eat-in kitchen with woodstove fireplace, an unfinis...

  • Beds 3
  • Baths 1.5

101 Bridges Avenue, Taylors SC 29687


101 Bridges Avenue, Taylors

This is a Fannie Mae HomePath property. 3 bedroom, 1.5 bath brick and frame ranch home on level, fenced, 0.24 acre lot. Home features attic storage, a large den and a k...

  • Beds 3
  • Baths 1.5

508 State Park Road, Greenville SC 29609


508 State Park Road, Greenville

Great investment property! This property is zoned "office district" and it's on a double lot 100'x135' second tax map #0173010204100. Bank owned sold "AS IS"

  • Beds
  • Baths

121 Rhodes Lane, Marietta SC 29661


121 Rhodes Lane, Marietta

As is sale!! Seller to provide no warranties, reports, letters or guarantees. Buyer/buyers agent to verify all info given for accuracy and have all inspections done for p...

  • Beds 3
  • Baths 2.0

105 Redcoat Court, Simpsonville SC 29680


105 Redcoat Court, Simpsonville

4 Bedroom home in USDA approved area with new homes being built in the same neighborhood. Great opportunity to own this home with room for the growing family that enjoys ...

  • Beds 4
  • Baths 2.0

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. © 2014 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated July 23, 2014

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