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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$125,800

518 Barn Swallow Drive, Simpsonville

Great Simpsonville location. Spacious 3 bedroom, 2 bath open floor plan. Vaulted ceiling, 2 car attached garage, garden tub. Priced to sell.

  • Beds3
  • Baths2.0

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$35,000

218 Verner Springs Road, Greenville

Located in the San Souci neighborhood, this 4 bed 2 bath house is in move in ready. There are three decks, master bedroom downstairs and laundry room inside. This propert...

  • Beds4
  • Baths2.0

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$37,500

105 Gower Street, Greenville

THIS IS A FANNIE MAE HOME PATH PROPERTY. As with all good things in real estate they depend on location and future potential. Our property originally built in 1930 is app...

  • Beds3
  • Baths1.5

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$86,000

323 Bates View, Travelers Rest

Hud Case # 461-540083 Ranch style home with basement. Detached work shop. Living room with fireplace and walk in closets. Basement can be finished for add space. FH...

  • Beds3
  • Baths2.0

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$50,000

27 Altacrest Drive, Greenville

Nice family home with all one level living and conveniently located to 85! Well established neighborhood in the Brookforest Community. Vaulted ceilings and nice hardwood ...

  • Beds3
  • Baths2.0

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$24,900

524 Old Easley Highway, Greenville

3 BR/2.5 BA vinyl sided bungalow on 0.36 acre lot. Home features front porch, pull down attic access and den.

  • Beds3
  • Baths2.5

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$109,200

10 Maple Crest Court, Travelers Rest

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

  • Beds3
  • Baths2.0

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$51,000

3706 E NORTH ST APT N3, Greenville

Come view and make an offer! Features include a nice floorplan, fenced patio, balcony and it's conveniently located near all the necessary amenities! REO PROPERTY - BANK ...

  • Beds3
  • Baths1.5

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$119,900

47 Swade Way, Greer

Must see Townhome located in Lismore Village. 3bed/2.1 bath, dining room. Riverside Schools. Convenient to I-85 and Pelham Road. Call for showings.

  • Beds3
  • Baths2.5

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$299,900

400 Mills Avenue Unit Unit 301, Greenville

This is a Fannie Mae HomePath property. Up to $1000 Selling Agent Bonus with broker approval may be available on this property! Ask the Listing Agent. Eligibility restric...

  • Beds2
  • Baths2.0

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$200,000

6 PICKET POST LANE, Landrum

6 PICKET POST LANE - WHAT A PERFECT ADDRESS!! If you are seeking an ideal size lot at the end of a cul-de-sac with no traffic, this is the exact home site for you. And,...

  • Baths0.0

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$385,000

120 Legends Way, Simpsonville

Located on one of the largest lots in Sycamore Ridge. Two story foyer, extensive moldings and trim work. Beautiful stairway, large dining room, formal living room, sunken...

  • Beds4
  • Baths3.5

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$181,900

12 Brentmoor Place, Simpsonville

HUD Case 461-421641 Ranch style home with 3bed/2bath. Open floor plan and formal dining room. Bonus room FHA Insured

  • Beds3
  • Baths2.0

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$83,500

150 Stallings Road Unit Unit B5, Taylors

This is a Fannie Mae HomePath property. 3BR/2.5BA 2 story condo. Home features fireplace, some hardwood floors, ceramic tile and rear and patio. Enjoy relaxing on your de...

  • Beds3
  • Baths2.5

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$34,500

109 S Piedmont Higway, Piedmont

This property is eligible under the Freddie Mac First Look Initiative through 02/05/2015. Like to fix up an old house? A bargain for do it yourself buyers. Paint the colo...

  • Beds3
  • Baths1.0

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$120,000

421 Davenport Road, Simpsonville

Nice 3br 2ba ranch with front porch and rear deck. New paint, carpet, appliances mean this one is move in ready right now! Split bedroom plan has the master with a walk ...

  • Beds3
  • Baths2.0

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$34,900

215 Cornelia Street, Greenville

Bank foreclosure near Downtown Greenville. large fenced lot, carport and storage building. Home has 2 bedrooms, one bath, hardwood floors and nice front porch. with some ...

  • Beds2
  • Baths1.0

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$110,400

15 Yown Road, Greenville

Ranch style home with 5 bedrooms. Home has an in-law suite with its own kitchen. Conveniently located close to HWY 123 and down town Greenville area.

  • Beds5
  • Baths4.5

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$82,000

104 WOODBURN DRIVE, Taylors

Must see 2 story home with 4 bedrooms. This home is located on a corner lot with large rear deck and covered front porch. Hardwood floors and wood burning fireplace. Make...

  • Beds4
  • Baths2.0

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$67,840

7 Melvin Drive, Greenville

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

  • Beds3
  • 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. © 2015 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated January 29, 2015

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