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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$174,900

303 Weaver Lane, Simpsonville

Begin home ownership here! The appeal of small the impact of big just the perfect size. Gracious foyer with carefree marble floors will lead your guests to living areas. ...

  • Beds3
  • Baths2.0

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$799,900

1780 Jackson Hollow Trail, Travelers Rest

Wonderful custom built home near Paris Mountain with 10 private acres of pasture and over 10,000 sq/ft with awesome mountain views, walk in to your master suite with 2 pe...

  • Beds6
  • Baths7.5

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$169,500

35 Falling Star Way, Landrum

Come home to The Cliffs at Glassy, The Cliffs’ original gated golf and wellness community atop Glassy Mountain in Landrum, SC. Beautiful homesite with wide south-western ...

  • Baths0.0

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$19,900

214 Willow Road, Marietta

Nice opportunity for some sweat equity on this Mobile home that is situated on a nice lot. Home features three bedroom and one baths, living room large. Home features a n...

  • Beds3
  • Baths1.0

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$230,000

33 Forest Trail, Marietta

This home is on 5.9 acres and very private. It is near Travelers Rest, which offers unique shopping, restaurants and the "Swamp Rabbit walking/cycling Trail. It is still...

  • Beds4
  • Baths2.0

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$142,900

3991 N Highway 101, Greer

Stretch out in Blue Ridge area with this brick ranch on large lot. Some fix up needed so priced with that in mind. Lots of sought after features: level yard, plenty of pa...

  • Beds3
  • Baths2.0

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$193,000

117 Holgate Drive, Greenville

Spacious three bedroom brick home located in desirable Wade Hampton Gardens neighborhood. With over 2600 SF, this home features a den with gas log fireplace, formal livin...

  • Beds3
  • Baths3.0

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$115,900

19 Lama Way, Greenville

Ranch plan on cul-de-sac! Huge great room with open floor plan to kitchen/dining. Owner's suite has walk-in closet as well as separate tub and shower. Private, partiall...

  • Beds3
  • Baths2.0

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$99,900

307 Tucson Drive, Greenville

Brick ranch home with front porch, rear fenced yard and detached two car garage or workshop. This home features three bedrooms and one and half bathrooms, den/dining room...

  • Beds3
  • Baths1.5

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$39,900

9 Cody Street, Greenville

Property is a 3 bedroom, 1 bathroom, single family home. Located close to Downtown Greenville. All measurements are approximate, and should be verified by the buyer.

  • Beds3
  • Baths1.0

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$154,900

79 Dividing Water Road, Travelers Rest

If you are looking for a country setting , look no further . This unique style home is tucked away , located off of Hwy 25 . This home features 4 bedrooms , 3 bathrooms w...

  • Beds4
  • Baths3.0

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$146,300

312 Maple Drive, Mauldin

This ranch style home offers a nice floor plan with 3 bedrooms, 2 bathrooms, approximately 1765 square feet of living space, built in 1969, a lot size of approximately .4...

  • Beds3
  • Baths2.0

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$120,000

599 Old Hundred Road, Pelzer

Banked owned property, formerly a restaurant, convenience store, and gas station. Per a recent appraisal, property was built in the 1940s and extensively updated less tha...

  • Baths0.0

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$154,900

315 Fairwood Drive, Greenville

This is a Fannie Mae Home Path Property. Located in University Place, across the road from Furman University, this home has been renovated by the owner and is ready for ...

  • Beds3
  • Baths2.0

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$179,950

502 Cannon Circle, Greenville

5bed/3ba ranch style home on private wooded lot. Vaulted ceilings in den with gas fireplace. New carpet in bedrooms, new paint and new roof. Great home in an established ...

  • Beds5
  • Baths3.0

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$209,900

200 Downs Road, Greenville

Traditional style home in established neighborhood conveniently located to general shopping and more. This home features 4 BR's and a bonus room. The MASTER is on main le...

  • Beds4
  • Baths2.5

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$275,900

42 Angleblade Road, Landrum

Welcome to the Cliffs At Glassy. This 5 bedroom 2.5 bath home is located in this prestige neighborhood that has many amenities that everyone can enjoy. The home is a fore...

  • Beds5
  • Baths2.5

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$179,900

112 Hyde Circle, Mauldin

Price Dropped $10,000 in lieu of updates needed! Excellent opportunity! This is the First time ever being offered for sale. Here is a RARE opportunity for 3 bedroom and 2...

  • Baths0.0

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$19,900

6 High Laurel Way, Travelers Rest

Cliffs Valley - Bank Owned - Great Buy! Beautiful Mountain views off your future back deck, giving nearly a spectacular 180 degree view! 3.53 Acre residential lot with ma...

  • Baths0.0

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$75,000

201 Wood Violet Trail, Marietta

Beautiful 2-acre homesite with mountain views. Small creek on property. Slightly sloping build site. Lovely hardwoods enhance the beauty of this property. A Cliffs Club m...

  • Baths0.0

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. © 2018 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated

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