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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$65,000

124 Osmond Drive, Taylors

HUD# 461-546986 FHA Insured with repair escrow subject to appraisal.. Seller makes no representations or warranties as to property condition. This home is perfect for som...

  • Beds3
  • Baths1.5

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$189,900

2 Jordan Crest Court, Simpsonville

Property sold As-Is, Where Is in current condition. Spacious 4 bedroom/ 2.5 with gracious two story foyer, extra wide hallways & stairs, and gorgeous kitchen overlooking ...

  • Beds4
  • Baths2.5

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$299,900

100 Wycliffe Drive, Greer

Beautifully updated 4Br/2.5Ba home in always popular Bennington. Inside you'll find formal rooms plus a den with a gas log fireplace, a huge kitchen with a breakfast are...

  • Beds4
  • Baths2.5

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$139,900

1 Bridges Avenue, Taylors

Charming and beautifully updated 3Br/2Ba home in the heart of the Eastside. The seller has recently painted the interior, refinished the hardwood floors, replaced the ca...

  • Beds3
  • Baths2.0

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$46,500

16 Piedmont Avenue, Piedmont

Cute ranch style home located in Piedmont SC . This home features 2 bedrooms and 2 bathrooms . Located on a level lot and convenient to major roads , businesses and enter...

  • Beds2
  • Baths2.0

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$89,900

101 Brentwood Circle, Greenville

2013 Clayton Upscale 1800 Sq Ft Double Wide 4 Bedrooms 2 Full Baths Living Room Den Island Kitchen Dining Area His and Hers Master Vanity Garden Tub Separate Shower New C...

  • Beds4
  • Baths2.0

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$129,900

413 Laurel Tree Lane, Simpsonville

There's potential galore in his 4Br/2.5Ba home in always popular Wedgefield. The home has all of the basic design features popular with modern buyers and today's more ca...

  • Beds4
  • Baths2.5

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$450,000

223 Sheffield Road, Greer

Quiet neighborhood with mature landscaping, large lots and lots of green this house is on almost a 1 acre lot with wooded backyard. The construction of the house is full ...

  • Beds4
  • Baths3.5

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$175,500

816 Plantation Drive, Simpsonville

DIAMOND IN THE ROUGH! This traditional 4 bedroom, 2.5 bath home is conveniently located in the Five Forks area, Woodruff Road, and I-385! Currently zoned for Bethel Eleme...

  • Beds4
  • Baths2.5

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$179,900

100 Misty Meadow Drive, Greenville

Your search ends here with this great home that is convenient to everything. This 3 bedroom 2.5 bath home with a bonus that could be used as a 4th bedroom, is located rig...

  • Beds3
  • Baths2.5

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$132,000

110 Aspenwood Drive, Simpsonville

This 3 bedroom 2 bath tri-level home is located in the Westwood subdivision in Simpsonville. The home offers a Den/Bonus room on the first floor with a fireplace, Laundry...

  • Beds3
  • Baths2.0

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$349,900

109 Independence Drive, Greenville

Location Location , beautiful 4 Bedroom 2.5 bath home that has been totally repaired and ready to move in on a corner lot . Seller has added new paint , refinished hardwo...

  • Beds4
  • Baths2.5

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$112,000

201 Winding Willow Trail, Taylors

Come view and make an offer! This 1-story home offers a nice floorplan, open kitchen with a breakfast area, tiled living room and it’s conveniently located near all the n...

  • Beds3
  • Baths2.0

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$139,900

102 Crossbill Court, Simpsonville

Investor or handy man special, with some work and improvements this could be a great home with lots of room. The master bedroom in on the main level with 3 additional bed...

  • Beds4
  • Baths2.5

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$119,900

114 Cedar Creek Drive, Travelers Rest

Located in welcoming Travelers Rest, walking distance to the Swamp Rabbit Trail and across from the Greenville Hospital System, is this woodsy, split-level home in Sunny ...

  • Beds3
  • Baths2.0

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$119,900

309 Woodland Drive, Mauldin

Fantastic Mauldin location, Home is in good condition and ready for first time home owner. Lots of features. Sunroom could be used as a 3rd bedroom. Beautiful hardwood fl...

  • Beds2
  • Baths1.0

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$647,900

501 Villaggio Drive, Greenville

Curb appeal galore, this lovely Mediterranean villa designed with entertainment in mind…four outdoor living areas! This home has covered, double front verandas, courtyar...

  • Beds3
  • Baths2.5

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$54,000

18 Prestbury Drive, Greenville

3br 1.5 ba brick ranch with fenced backyard very near the Donaldson Center. Master bedroom has a half bath. Easy access to 185 and straight up Augusta Rd to down town Gr...

  • Beds3
  • Baths1.5

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$35,900

200 Evelyn Drive, Greenville

Property is occupied. Occupants are not to be disturbed or contacted under any circumstances. Interior and exterior inspections are not available and the property is bei...

  • Beds2
  • Baths1.0

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$108,800

138 Gaston Drive, Travelers Rest

AUCTION!! HURRY Before the seller sells this one... This property is subject to a 5% buyer’s premium pursuant to the Auction Terms & Conditions (minimums may apply). All...

  • 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. © 2017 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated

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