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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$184,600

4 Ashwyn Court, Simpsonville

Fantastic opportunity, great value for the neighborhood, 2500+/- sq ft above grade with Full unfinished basement. Priced to sell. 4 bedrooms, 2 and 1/2 bath, fireplace. S...

  • Beds4
  • Baths2.5

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$70,900

109 Taylor Road, Piedmont

Convenient to Southern Connector. 3 BR, 1 BA, large living room with hardwood floors, den with fireplace, full laundry room. Newer windows, metal roof, covered front po...

  • Beds3
  • Baths1.0

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$123,000

37 Brisbane Drive, Fountain Inn

Ranch, with front porch, formal dining room, large great room, kitchen with island, split bedroom plan, walk in laundry room, two car garage. New interior paint and carpe...

  • Beds3
  • Baths2.0

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$74,000

3699 Ballenger Road, Greer

Don't miss out on this All Brick three bedroom home! Home features some hardwood floors, kitchen with some appliances remaining, dining area, unfinished basement with 1/2...

  • Beds3
  • Baths1.0

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$44,900

11 Nix Circle, Greenville

This is a Fannie Mae Homepath property. Special Incentives may be available for owner occupants only. This home is located just past Cherrydale and in a lovely, quiet, es...

  • Beds3
  • Baths2.5

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$12,500

119 Blackberry Valley Road, Greenville

Nice view of creek from decks, large front porch, two decks on rear of home. Two bedrooms and one full bath, basement.

  • Beds2
  • Baths1.0

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$144,900

5015 Edwards Road, Taylors

Spacious home with tons of potential! All brick home in a convenient location. Main level features three bedrooms, two baths, some hardwood floors, kitchen with some appl...

  • Beds3
  • Baths2.0

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$59,900

325 W Caroline Street, Greenville

Great opportunity to own an affordable and hard to find 4Br/2Ba home with a security system already in place. Inside you'll find a modern floorplan with a open main livi...

  • Beds4
  • Baths2.0

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$13,000

134 Caleb Drive, Greer

This is a Fannie Mae HomePath property. 3BR/2BA 1990 Springhill double-wide mobile home on a 0.40 acre lot. Home features a nice lot with outbuilding.

  • Beds3
  • Baths2.0

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$25,000

117 Guest Street, Marietta

WOW- This an AWESOME price with a nice fenced in yard. This great home is walking distance to everything Marietta, SC has to offers! Hurry and call today to schedule a ti...

  • Beds2
  • Baths1.0

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$109,000

101 Lee Circle, Greer

Nice three bedroom two bath brick ranch on big corner lot. Located in the heart of Greer in good school district, but not in the city limits! 20 x 24 garage/workshop wire...

  • Beds3
  • Baths2.0

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$144,900

505 Davenport Road, Simpsonville

Newly updated 3br 2.5ba home with all new paint, carpet, appliances have this one showing great! Granite countertops in kitchen plus lots of cabinet space, breakfast eat...

  • Beds3
  • Baths2.5

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$49,900

5 Savannah Street, Greenville

2BR/2BA vinyl bungalow on 0.34 acre level, corner lot. Home features pull down attic steps, separate den and living room, and 2 full baths. Please note that BR2 does no...

  • Beds2
  • Baths2.0

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$173,900

42 Otago Place, Greenville

Three bedroom Two and Half bath foreclosure is located in the beautiful Bonnie Vista Subdivision on a culdesac lot (Convenient to Michelin, 3M, SCTAC, and numerous other ...

  • Beds3
  • Baths2.5

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$36,900

16 Barnhart Lane, Fountain Inn

4br 2ba mobile home with brick foundation on a cul de sac lot. Open floorplan with vaulted ceilings, large size kitchen with lots of cabinet space, den with fireplace, ma...

  • Beds4
  • Baths2.0

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$38,900

116 Poplar Drive, Simpsonville

Bank Owned. Sold AS IS with NO CONTINGENCIES. INSPECT PROPERTY PRIOR TO PRESENTING OFFER. Great Simpsonville location near Heritage Park! 1996 Homestead 28x76 on an acre ...

  • Beds4
  • Baths2.0

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$179,900

504 Plum Hill Way, Simpsonville

Beautiful 2 story partial brick traditional home in fantastic Morning Mist neighborhood. Super sought after location. Home features 4 bedrooms, with Master on the main le...

  • Beds4
  • Baths2.5

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$489,900

1171 N Highway 25, Travelers Rest

This building is in excellent condition and was constructed as a body shop complete with a paint booth. Recent appraisal for $560,000 just listed 6/15/15 Bank owne...

  • Baths0.0

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$52,800

124 Becky Gibson Road, Greer

Bank Owned. Cosmetically challenged, but lots of potential. Sets on 1+ acre, easy commute to Greer, close to schools. Employees and family members residing with employ...

  • Beds3
  • Baths1.5

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$79,900

101 Pine Valley Road, Piedmont

Nice 3 bedroom 2 bathroom home in established neighborhood. Home features open floor plan with custom kitchen including all appliances. Kitchen opens to a breakfast ar...

  • Beds3
  • Baths2.0

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. © 2015 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated July 04, 2015

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