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

property image

$169,900

401 Reid School Road, Taylors

Are you looking for lots of room? This home is a 5 bedroom 3 bath home. Three of the bedrooms are upstairs and 2 in the basement. The basement is mostly finished. The hom...

  • Beds5
  • Baths3.0

property image

$179,900

100 Monarch Place, Taylors

Looking for a move in ready home? You found it. This Wedgewood Place beauty has just had a make over and is ready to go! New roof, new hvac, new paint, new carpet, new...

  • Beds3
  • Baths2.5

property image

$59,900

404 B S Franklin Road, Greenville

This is a Fannie Mae Property. Cute little "mountain" house near Cherrydale and downtown. Interior has tons of potential with knotty pine ceiling in living room and built...

  • Beds1
  • Baths1.0

property image

$185,000

13 Brunner Court, Greer

Here is a FABULOUS home w/ top ranked schools & convenient to Greenville, Greer, airport, major shopping, etc. Nice small community w/pool. Light, bright & open floor pla...

  • Beds3
  • Baths2.5

property image

$36,000

2 River Street, Piedmont

Great Piedmont location, 2 story traditional home with a great price. Lower level finished 2 bedrooms, 1 bath with 2 additional bedrooms upstairs that are not heated. Lot...

  • Beds2
  • Baths1.0

property image

$47,500

6 Holly Street, Piedmont

This is a Fannie Mae property. Looking for a large home with four bedrooms? Over 2000 sq ft! Open floor plan with huge great room with fireplace, kitchen and formal dinin...

  • Beds4
  • Baths2.0

property image

$119,900

10 Red Mile Way, Taylors

TAYLORS SC $119,900. Priced just under market! Fresh paint and new carpet and flooring awaits you in this 3 bedroom, 2 bath home. Situated on 1.11 acres, you have plenty ...

  • Beds3
  • Baths2.0

property image

$149,900

12 Blue View Drive, Taylors

Nice ranch on over 1/2 acre lot with a fenced backyard and move in ready! This beauty has just finished a facelift with new paint, flooring, new hvac unit, termite bond,...

  • Beds3
  • Baths2.0

property image

$166,400

5 Peaceful Court, Fountain Inn

Yes, master suite is on first floor! 4 BR plus bonus. This home will shine after your updates. Nine foot ceilings down, formal dining room plus breakfast area, two-story ...

  • Beds4
  • Baths2.5

property image

$135,680

204 Lepore Lane, Greenville

Suburban Greenville ranch built in 2006 on a level cul-de-sac-lot in Lenhardt Creek. Open floor plan, vaulted ceilings, separate dining area and large backyard with no re...

  • Beds3
  • Baths2.0

property image

$169,750

801 Half Mile Way, Greenville

You will love this great buy in Half Mile Lake! Master suite on first floor! Formal dining room, kitchen, breakfast, great room and master have hardwood floors. Great ro...

  • Beds3
  • Baths2.5

property image

$189,900

14 Heather Stone Court, Simpsonville

Sold as-is where is, and in present condition. Spacious 4 bedroom/ 2.5 with gracious two story foyer, extra wide hallways & stairs, and gorgeous kitchen overlooking great...

  • Beds4
  • Baths2.5

property image

$84,900

111 Blackbird Lane, Greenville

This 4 bedroom 2 bath home is situated on more than an half acre lot with view to the pond. The home offers the much desirable open floor plan. This eat-in kitchen has p...

  • Beds4
  • Baths2.0

property image

$190,800

101 Trailstream Drive, Mauldin

2003 Traditional style home situated on over a quarter of an acre is now on the market! Located in the Planters Row subdivision the home offers 4 bed, 2.5 bath, with ampl...

  • Beds4
  • Baths2.5

property image

$379,000

612 Poinsett Highway, Greenville

Large space close to Downtown Greenville on hgh visibilty Poinsett Hwy. This brick Church is around 10,800 square feet plus or minus and sits on almost a square acre on l...

  • Baths0.0

property image

$244,900

56 Reddington Drive, Greer

The peace and quiet of a gated-community; take life easy! No lawn care here. Enjoy the warmth of a fireplace in the living room when friends drop in. Informal dining area...

  • Beds3
  • Baths2.5

property image

$128,500

28 Reedy River Way, Greenville

This home is an REO property and being sold "AS IS"! All offers will be presented to bank. Home has been freshly painted throughout the inside of the home. All walls, doo...

  • Beds3
  • Baths2.0

property image

$36,500

4 Selma Street, Greenville

This is a Fannie Mae home path property. This property is in a partial commercial area off Poinsett Hwy near Cherrydale shopping center behind Duke Sandwich. This is a ...

  • Beds2
  • Baths1.0

property image

$40,000

37 Henry Street, Greenville

Great Investment, close to downtown. 2 bedroom 1.5 baths, almost 1500 sq ft, 2 fireplace, detached garage. Great price. Property is sold as is.

  • Beds2
  • Baths1.5

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. © 2017 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated

Free Daily Email Updates

  • Automated home searches
  • Favorite properties
  • Email updates
  • And much more…