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

property image

$32,900

505 State Park Road, Greenville

Sold as is, where is

  • Beds 3
  • Baths 1.0

property image

$139,400

518 Barn Swallow Drive, Simpsonville

Great Simpsonville location. Spacious 3 bedroom, 2 bath open floor plan. Vaulted ceiling, 2 car attached garage, garden tub. Priced to sell.

  • Beds 3
  • Baths 2.0

property image

$159,900

13 Montague, Greenville

This is a Fannie Mae home path property. Our home is a charming 3 bedroom ranch style home with a large bonus room over the side entry garage. With approximately 2000 sq...

  • Beds 3
  • Baths 2.0

property image

$25,500

16 Savannah Street, Greenville

Bank Owned Property needing lots of work. Large fenced yard, 2 outbuildings. No HVAC. Property sold as-is!

  • Beds 2
  • Baths 2.0

property image

$49,000

17 W Wilburn Avenue, Greenville

BANK OWNED!! This would make a great investment rental property. 2bd/1ba, living, kitchen and laundry.

  • Beds 2
  • Baths 1.0

property image

$28,400

19 Oak hill Drive, Greenville

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

  • Beds 2
  • Baths 1.0

property image

$149,900

1424 Panther Park Trail, Travelers Rest

Beautiful 4.76 acre home site in Cliffs Valley! Convenient to Greenville, Ashville, Hendersonville and Flat Rock. Amenities in Cliffs Valley include an 18 hole golf cour...

  • Beds
  • Baths

property image

$114,400

1002 Brentwood Way, Simpsonville

Traditional home ready for full overhaul. Features include covered front porch, screened porch, two car garage, fenced backyard, and storage building. Great room has fire...

  • Beds 4
  • Baths 2.5

property image

$38,160

510 Highlawn Avenue, Greenville

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

  • Beds 3
  • Baths 1.0

property image

$112,710

22 Fortson Way, Fountain Inn

If you are looking for a home in a well developed subdivision , your home has arrived . This 3 bedroom , 2 bathroom home is located in the Eagle's Watch subdivision , con...

  • Beds 3
  • Baths 2.0

property image

$59,900

111 Bahan Street, Taylors

Well maintained bungalow in Taylors near Wade Hampton High School and Bob Jones University. Inside you'll find a traditional floor plan with a living room, a large eat-i...

  • Beds 3
  • Baths 1.0

property image

$269,900

113 E Magill Court, Greer

MOVE-IN READY. 2+ acre home on cul-de-sac updated throughout; has in-law, walkout basement and beautiful views of the woods. 3,325 sqft (2,487 sqft finished/heated and 83...

  • Beds 5
  • Baths 3.5

property image

$210,000

229 E Thistle Lane, Greenville

Desirable Roper Mountain Estates! This four bedroom home features spacious rooms, den with gas log fireplace, formal living room, kitchen with island and breakfast area, ...

  • Beds 4
  • Baths 2.0

property image

$75,600

105 Shubuta Drive, Greenville

Brick ranch home located in Farmington Acre subdivision. 2bed/1.1 bath with fenced yard. Living room and den with fireplace. Convenient location.

  • Beds 2
  • Baths 1.5

property image

$76,900

204 Uneeda Drive, Greenville

Brick ranch with 3 bedrooms and 2 bathrooms. Recently updated with new paint, carpet, lights, roof, etc. Please see interior photos.

  • Beds 3
  • Baths 2.0

property image

$113,000

5 Duer Way, Greer

Convenient Location! This spacious three bedroom two bath home features over 1900 SF, open den with fireplace, kitchen with lots of cabinetry and separate dining area, an...

  • Beds 3
  • Baths 2.0

property image

$53,900

102 Cole Road, Greenville

If you are looking for a home conveniently located close to Greenville and Easley, look no further. This home features 3 bedrooms, one bathroom, hardwood floors, spacious...

  • Beds 3
  • Baths 1.0

property image

$639,900

100 Meilland Drive, Greer

Stunning home in popular Thornblade! This stately brick home sits on a very useable, level .7 acre lot and has had many recent updates finished up right before listing. ...

  • Beds 4
  • Baths 3.5

property image

$89,900

302 Balcome Boulevard, Simpsonville

Nice location for this 4br 3ba home on a large, level lot with fenced in backyard. All brick exterior. Hardwoods in main living area. Needs a little TLC but could easi...

  • Beds 4
  • Baths 3.0

property image

$64,900

2 Lockman Drive, Greenville

Great Opportunity for some sweat equity! Nice Brick home on larger lot! Home needs some updates and is sold as-is, where is.

  • Beds 3
  • Baths 1.0

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 November 22, 2014

Free Daily Email Updates

  • Automated home searches
  • Favorite properties
  • Email updates
  • And much more…