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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$135,000

411 Laurel Drive, Greenville

Welcome to this gorgeous move-in ready home in Beck & J.L. Mann school district! To start there is new flooring and a freshly painted neutral interior throughout the enti...

  • Beds3
  • Baths2

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$47,500

2271 Fews Chapel Road, Greer

Bank owned mobile on 1.58 acres,close to blue ridge high. Need appliances and hvac, which have been "liberated". Mh is detitled, per court records. Would make good renta...

  • Beds3
  • Baths2

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$81,500

1 Lombard Lane, Greenville

Go and Show. Buyer is responsible for all inspections and room dimensions are approximate. Buyer must measure all dimensions. Property sold AS-IS. Seller will supply a in...

  • Beds3
  • Baths1

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$529,900

119 Courtside Trail, Travelers Rest

Beautiful custom built home located in Cliffs @ Valley , home features 4 spacious bedrooms 4.5 baths , large living room with fireplace , sparkling hardwood floors , full...

  • Beds4
  • Baths4.5

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$224,900

106 Briarpark Drive, Greer

Great opportunity awaits for you in Desirable Pelham Falls Subdivision! This home offers over 2600 SF, 3 bedroom, 2.5 bath, bonus room, wood burning fireplace, kitchen wi...

  • Beds3
  • Baths2.5

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$99,999

6 Idlewild Avenue, Greenville

Check out this Great Starter Home. This home is close to Donaldson Center and the interstate. Nice private back yard that is fenced in.. Hurry and call today to schedule ...

  • Beds3
  • Baths1

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$15,000

16 Windswept Lane, Travelers Rest

The lot is on a cul-de-sac street which is CONVENIENTLY LOCATED BETWEEN CLUBHOUSE & WELLNESS CENTER with quick access to Hwy. 25 & the South gate. Panther Mountain Park i...

  • Baths0

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$13,000

336 Laurel Valley Way, Travelers Rest

Culdesac lot with mountain views. Enjoy peaceful stress free living. Gentle sloping lot, just right for a walkout basement This golf community offers many opportunities o...

  • Baths0

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$175,000

3 Orient Drive, Greenville

Stunning ranch style home in the popular Maple Grove subdivision . This home features an open floor plan , 4 bedrooms , 2 full baths and a bonus room . A nice level lot f...

  • Beds3
  • Baths2

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$279,900

5 Cobblestone Road, Greenville

What a beautiful 4 bedroom 2.5 bath home located off of Pelham rd . Located on the main level you have office area , nice dining room area , ALL new kitchen with nice whi...

  • Beds4
  • Baths2.5

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$1,750

211 E Butler Road, Mauldin

+/- 1,500 SF office space. Move in ready with great frontage on busy E Butler. Former Mortgage broker location. Owner willing to contribute funds towards tenant improv...

  • Baths0

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$54,600

348 Hillside Church Road, Fountain Inn

Great opportunity to own this large mfg home, on approx .94 acres. Home was built in 2003, 28x76 Champion. Home features an open kitchen, stone fireplace, garden tub. Pro...

  • Beds4
  • Baths2

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$229,900

203 Crossvine Way, Simpsonville

So much space can be found in this beautifully updated traditional that is neatly positioned within one of Simpsonville’s most sought after neighborhoods! Outstanding de...

  • Beds3
  • Baths2.5

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$159,950

502 Cannon Circle, Greenville

Under a blanket of trees with a stream rushing in the background....what sounds better than that? How about 5 bedrooms, 3 bathrooms? Sound too good to be true? Not today!...

  • Beds5
  • Baths3

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$349,950

6 Alender Way, Simpsonville

A grandeur estate, a Grecian bathroom paradise, closets you can get lost in, sweeping staircase, portico balcony, and an elegant southern porch perfect for sweet tea and ...

  • Beds2
  • Baths2.5

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$599,900

323 Foggy Cut Lane, Landrum

Amazing Mountain Views in desirable Cliffs at Glassy East! Spacious four bedroom home with so many qualities! Main level offers an open floor plan with hardwood floors, m...

  • Beds4
  • Baths4.5

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$95,000

101 Upper Ridge Way, Travelers Rest

Nestled in the mountains just minutes from Greenville, SC, make yourself at home in the comfort and convenience of The Cliffs Valley gated golf and wellness community. Th...

  • Baths0

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$19,900

112 Buck Creek Trail, Travelers Rest

Nestled in the mountains just minutes from Greenville, SC, make yourself at home in the comfort and convenience of The Cliffs Valley gated golf and wellness community. Be...

  • Baths0

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$19,900

111 Buck Creek Trail, Travelers Rest

Nestled in the mountains just minutes from Greenville, SC, make yourself at home in the comfort and convenience of The Cliffs Valley gated golf and wellness community. Be...

  • Baths0

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$19,900

101 Buck Creek Trail, Travelers Rest

Nestled in the mountains just minutes from Greenville, SC, make yourself at home in the comfort and convenience of The Cliffs Valley gated golf and wellness community. Be...

  • Baths0

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. © 2019 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated

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