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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$73,100

121 Maco Street, Greenville

Great opportunity for a first time buyer or investor to purchase a property in the up and coming Eastover area. This 2Br/1Ba brick ranch has a lot of potential and is in...

  • Beds2
  • Baths1.0

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$209,900

114 Central Avenue, Greenville

What an awesome opportunity to own this cute little bungalow home in downtown Greenville- Just a short walk to Main St! Relax on your front porch after a long days work! ...

  • Beds3
  • Baths2.0

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$94,900

212 Robin Hood Road, Greenville

Fantasitc opportunity to own a hard to find 4Br/2Ba home with a basement in always popular Sherwood Forest. The unit was built in the mid-1950's and still retains all of...

  • Beds4
  • Baths2.0

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$163,300

1 Hitching Post Lane, Greenville

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

  • Beds3
  • Baths2.5

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$95,900

15 Birchbark Drive, Greenville

Newer 3Br/2Ba modern ranch home with an unfinished basement for expansion. You'll find the main living area to be open and inviting with lots of natural light, a split b...

  • Beds3
  • Baths2.0

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$225,000

232 Northcliff Way, Greenville

Under Construction! This Burton Floorplan is under construction in sought-after subdivision with amenities such as pool, athletic fields, lights, playground and much more...

  • Beds4
  • Baths2.5

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$109,900

21 Seven Pines Court, Greer

What a great buy for this three bedroom two bath home in Hampton Ridge! Features include open living room with wood burning fireplace, kitchen with separate dining area, ...

  • Beds3
  • Baths2.0

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$24,900

19 Frost Street, Greenville

Excellent price on this home! Home needs some updates and repairs, but is priced accordingly. Home is conveniently located close to downtown! Hurry and call today for you...

  • Beds2
  • Baths1.0

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$150,000

203 Oakboro Lane, Simpsonville

Great 3bd/2ba with Bonus. Nice open floor plan, hardwood laminate floors throughout entry, living, and dining room. Large and open eatin kitchen with access to florida ro...

  • Beds3
  • Baths2.0

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$69,900

139 JAMISON ROAD, Travelers Rest

Don't miss out on making this house your home and make an offer! This charming ranch style home offers a nice floorplan, wood deck in the rear and it sits on a 1 acre wo...

  • Beds2
  • Baths2.0

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$139,900

505 Foxhound Road, Simpsonville

Home has another 400-500 sq ft in unfinished basement. Needs updates but features 2 fireplaces, large master bath, full laundry room, formal dining room, and partially fe...

  • Beds3
  • Baths2.5

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$24,900

100 Kittleson Drive, Fountain Inn

Attention Investors - 5 Bedroom 3 Bath manufactured home on brick foundation in Kittleson Place Subdivision in Fountain Inn. This property was obtained via a deed in lieu...

  • Beds5
  • Baths3.0

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$30,000

209 Blossom Drive, Greenville

3BR/1BA brick ranch on level lot. Home features some hardwood floors, Den area and front porch. Sold in as-is condition.

  • Beds3
  • Baths1.0

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$183,900

505 Fieldgate Court, Mauldin

Established neighborhood where every season is beautiful. Large open foyer leads to main and upper levels. The living room is set apart for formal entertaining, the cozy ...

  • Beds3
  • Baths2.5

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$44,000

206 N Franklin Road, Greenville

This is a Fannie Mae Home Path Property. The home offers 3 bedrooms and two baths. The kitchen has a generous layout which allows a dining space and the living room is ea...

  • Beds3
  • Baths2.0

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$549,900

14 Victor Street, Greenville

BANK OWNED!! Apprx 23000 sqft warehouses with office space sitting on 2.13 acres with loading dock.

  • Baths0.0

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$64,000

920 RED SKY TRAIL, Landrum

Get the BEST BUY in THE CLIFFS AT GLASSY - That is exactly what this lovely home site is!! It is BANK OWNED and is a STEAL at $64,000!! The previous owner had paid $192...

  • Baths0.0

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$71,000

916 RED SKY TRAIL, Landrum

Get the HOTTEST DEAL in THE CLIFFS AT GLASSY when you purchase this spectacular BANK OWNED home site in the Sunset Pointe location, the newest section in the community. ...

  • Baths0.0

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$145,000

60 SECRET HOLLOW TRAIL, Marietta

Make an excellent decision and purchase this BANK-OWNED HOME SITE in the newest Cliffs' Community, THE CLIFFS AT MOUNTAIN PARK. This beautiful home site had originally b...

  • Baths0.0

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 December 22, 2014

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