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

304 Tanner Chase Way, Greenville SC 29607


304 Tanner Chase Way, Greenville

Lovely two story home, 4Br/2.5Ba, in popular Summerfield. The interior features a two story entry, a large great room with a fireplace that's open to the kitchen/breakfa...

  • Beds 4
  • Baths 2.5

105 Rangeview Circle, Greenville SC 29617


105 Rangeview Circle, Greenville

INVESTORS DREAM!! Previous owner has already done most of the work tearing out the old. This property was originally a 3br 1.5ba but has been completely torn down to the ...

  • Beds 3
  • Baths 1.5

19 Verner Creek Court, Greenville SC 29609


19 Verner Creek Court, Greenville


  • Beds 3
  • Baths 1.5

1401 West Lakeshore Drive, Landrum SC 29356


1401 West Lakeshore Drive, Landrum

Lake Lanier Bank Owned Foreclosure.. 7.107 acres one of the largest parcels for sale around Lake Lanier with lake views possible from certain areas on this property. May ...

  • Beds
  • Baths

250 Reeves Street, Greenville SC 29605


250 Reeves Street, Greenville

This is a Fannie Mae HomePath property. 2BR/1BA home with 0.20 acre lot. Home features some hardwood floors, front porch, rear deck and convenient to Greenville Memorial ...

  • Beds 2
  • Baths 1.0

315 Quail Run Circle, Fountain Inn SC 29644


315 Quail Run Circle, Fountain Inn

Nice looking cape cod style home on corner lot with approx. 2/3 acre, fenced yard and nice trees. Big front porch and even bigger rear deck with a lower level off the ba...

  • Beds 4
  • Baths 2.5

209 Worchester Place, Simpsonville SC 29680


209 Worchester Place, Simpsonville

This is a Fannie Mae HomePath property. It's the lifestyle you deserve...charming 4BR/3.5BA home in Neely Farm Subdivision. Two story foyer, open staircase, hardwoods on ...

  • Beds 4
  • Baths 3.5

8 Squirrel Hollow  Court, Greer SC 29651


8 Squirrel Hollow Court, Greer

3 Bedroom 2 Full bath Ranch Home in Greer. New Paint, Carpet, Dishwasher, stove. FORECLOSURE, AS IS Sale. No Repairs. Buyers will have 10 days for Home Inspection Due Dil...

  • Beds 3
  • Baths 2.0

2909 E North Street, Greenville SC 29615


2909 E North Street, Greenville

This home needs repairs and is a perfect opportunity for someone that wants sweat equity. Great location that is convenient to all major highways for commuting.

  • Beds 3
  • Baths 2.0

130 Spring Forest Drive, Simpsonville SC 29681


130 Spring Forest Drive, Simpsonville

Wow. This is a big house on a gorgeous almost 5 acre lot. Inground pool with brand new liner and safety pool cover, huge deck, shed outbuilding and a GIANT 40x40 buildi...

  • Beds 5
  • Baths 4.5

12 B Wallace  Street, Greenville SC 29605


12 B Wallace Street, Greenville

This is a Fannie Mae HomePath Property. 3BR/1.5 BA vinyl sided bungalow on 0.26 acre lot. Home features front porch, fenced rear yard, Master on main level. Convenient l...

  • Beds 3
  • Baths 1.5

220 Loraine Drive, Simpsonville SC 29680


220 Loraine Drive, Simpsonville

Up to $1000 Selling Agent bonus with broker approval may be available on this property. Ask the Listing Agent, Eligibility restrictions apply. This is a Fannie Mae HomePa...

  • Beds 4
  • Baths 3.5

201 Evelyn Drive, Greenville SC 29605


201 Evelyn Drive, Greenville

Bank Owned. Sold AS IS with NO CONTINGENCIES. INSPECT PROPERTY PRIOR TO PRESENTING OFFER. 1999 Pioneer 28x76 mobile home on 0.30 acres. Home offers 4 bedrooms, 2 full bat...

  • Beds 4
  • Baths 2.0

1 Mossycup Road, Taylors SC 29687


1 Mossycup Road, Taylors

Bank Owned! Easy living with yard maintenance taken care of by the HOA. Conveniently located between Greenville and Spartanburg; minutes from beautiful Lake Robinson. Thi...

  • Beds 4
  • Baths 2.5

301 Sweet Water Road, Fountain Inn SC 29644


301 Sweet Water Road, Fountain Inn

A lot of peace and quiet comes with this property! Mobile home with brick foundation plus an attached 2 car garage with a bonus room/4th bedroom above with its own full ...

  • Beds 4
  • Baths 3.0

104 Woodburn Drive, Taylors SC 29687


104 Woodburn Drive, Taylors

Must see 2 story home with 4 bedrooms. This home is located on a corner lot with large rear deck. Hardwood floors and wood burning fireplace. Close to Wade Hampton B...

  • Beds 4
  • Baths 2.0

100 Fairlawn Circle, Greenville SC 29617


100 Fairlawn Circle, Greenville

All brick three bedroom home located on level fenced lot. Close to shopping and interstate. Home has nice deck ready for family grilling. Spacious home with plenty of roo...

  • Beds 3
  • Baths 1.5

1021 Havelock Drive, Taylors SC 29687


1021 Havelock Drive, Taylors

Calling all investors. Here is your next project. This home is in a good location and for a great price. The home has potential for the right person.

  • Beds 3
  • Baths 2.5

2622 N Lee Circle, Greer SC 29651


2622 N Lee Circle, Greer

2622 North Lee Circle in Greer is a brick ranch with 4 bedrooms and 3 bathrooms. The attached garage has been enclosed to make a large master suite with office area/sitti...

  • Beds 4
  • Baths 3.0

140 Arrow Head  Road, Greenville SC 29609


140 Arrow Head Road, Greenville

PROPERTY SOLD "AS IS" AND "WHERE IS" WITH NO WARRANTIES EXPRESSED OR IMPLIED. There is no Sellers Disclosure with this property. Buyers’ agent should square footag...

  • Beds 3
  • Baths 2.0

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 October 24, 2014

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