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

219 N Rutherford Road, Greer SC 29651


219 N Rutherford Road, Greer


  • Beds 3
  • Baths 2.0

205 Ansley Drive, Simpsonville SC 29681


205 Ansley Drive, Simpsonville

Seller has made numerous updates including interior paint and carpet and appliances! Huge great room with fireplace, formal dining room plus breakfast area with bay win...

  • Beds 3
  • Baths 2.5

3 Peaceful  Court, Fountain Inn SC 29644


3 Peaceful Court, Fountain Inn

Extraordinary opportunity to make this 3Br/2.5Ba traditional house in Whisper Walk into the home of your dreams. All of the potential is already in place and just waitin...

  • Beds 3
  • Baths 2.5

109 Trafalgar Road, Greenville SC 29617


109 Trafalgar Road, Greenville

Great location, large brick ranch 3 bedroom, 2 1/2 bath. Unique wood ceiling in kitchen, large brick fireplace. 2 car attached garage and a Florida room. Large bedrooms a...

  • Beds 3
  • Baths 2.5

421 Old Dunham Bridge Road, Greenville SC 29611


421 Old Dunham Bridge Road, Greenville

Brick ranch style home with 3 bedrooms. Den and living room with fireplace. Large rear patio and fenced yard. Located minutes from White Horse Road and Hwy 81/Anders...

  • Beds 3
  • Baths 1.5

101 Delano Avenue, Greer SC 29650


101 Delano Avenue, Greer

relax on your deck, or Rock on the front porch. walking distance dowtown GREER. Large back yard and sits on corner lot.

  • Beds 2
  • Baths 1.0

136 Emerald Way, Simpsonville SC 29681


136 Emerald Way, Simpsonville

HUD# 461-420001. Traditional 2 story home with tons of space including 3Bed, 2 Baths, Formal living, Great Room and bonus room. 2444sqft built in 1990. Home is FHA Insu...

  • Beds 3
  • Baths 2.5

41 Waters Reach  Lane, Simpsonville SC 29681


41 Waters Reach Lane, Simpsonville

Fantastic and hard to find 5Br/3Ba home in popular Whitehall Plantation. The property features formal rooms plus a two story family room that's flooded with natural ligh...

  • Beds 5
  • Baths 3.0

207 Whaleback Drive, Simpsonville SC 29681


207 Whaleback Drive, Simpsonville

Picket fence perfect. Charming two story, 3Br/2.5Ba, traditional home in Bridges Crossing. This property features an open main level floor plan with a fireplace, dining ...

  • Beds 3
  • Baths 2.5

2 HUFF DRIVE, Greenville SC 29611


2 HUFF DRIVE, Greenville


  • Beds 2
  • Baths 1.0

348 Claybrooke  Drive, Greer SC 29650


348 Claybrooke Drive, Greer

Wonderful Townhome with 3 bedrooms, 2 and a half baths with open floor plan in a great location on the Eastside! Master bedroom downstairs with soaker tub/separate showe...

  • Beds 3
  • Baths 2.5

417 Fairdale Drive Unit Dunwoody Oaks, Simpsonville SC 29681


417 Fairdale Drive Unit Dunwoody Oaks, Simpsonville

HUD#461-412818. Dollhouse of a 3 Bedroom/2 bath Ranch. This low maintenance home is thoughtfully laid out with Cozy living room with corner fireplace, intimate formal d...

  • Beds 3
  • Baths 2.0

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

110 Catterick Way, Fountain Inn SC 29644


110 Catterick Way, Fountain Inn

Nice ranch plan with 4 full bedrooms, vaulted ceilings, screened porch, fireplace, formal dining room. To be sold as-is; addenda to follow after contract acceptance. The...

  • Beds 4
  • Baths 2.0

1206 Winding  Way, Taylors SC 29687


1206 Winding Way, Taylors

Great Location! This three bedroom two bath home located in Peppertree Subdivision is ready for new owners. Features include a den with gas log fireplace and cathedral ce...

  • Beds 3
  • Baths 2.0

24 Bubbling Creek  Drive, Travelers Rest SC 29690


24 Bubbling Creek Drive, Travelers Rest

This is a Fannie Mae HomePath property! 3BR/1.5BA vinyl ranch home on 0.31 acre, level, corner lot. Repairs are in progress! Purchase this property for as little as 5% ...

  • Beds 3
  • Baths 1.5

6 Belfrey Drive, Greer SC 29650


6 Belfrey Drive, Greer

This 4 bedroom 3 Full Bath 3 Half Bath home sitting on a double culdesac lot in the exquisite Barrington Park Subdivision backs up to the beautiful and peaceful Enoree Ri...

  • Beds 4
  • Baths 4.5

101 Upper Ridge Way, Travelers Rest SC 29690


101 Upper Ridge Way, Travelers Rest

Great elevation and southeastern views from this popular location inside The Cliffs Valley. A Ben Wright designed golf course, a favorite among the 7 courses that your me...

  • Beds
  • Baths

302 Ashridge Way, Simpsonville SC 29681


302 Ashridge Way, Simpsonville

Sold AS IS where is seller will make no repairs of any kind. All offers must include: State Contract, Chase Addendum to Real Estate Purchase Contract and Release of Claim...

  • Beds 3
  • Baths 2.0

21 Falling Leaf Drive, Travelers Rest SC 29690


21 Falling Leaf Drive, Travelers Rest

Cherokee Valley Lot, Travelers Rest SC 29690 Bank Owned Lot For Sale When you buy a lot at Cherokee Valley, you’ll enjoy 452 acres with awe-inspiring views of the Blue ...

  • Beds
  • Baths

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 April 23, 2014

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