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

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.

  • 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

7 Wetherill, Greenville SC 29615


7 Wetherill, Greenville

Del Norte Estates is situated of Hudson Road within minutes to the Haywood Road area and the St. Francis Women's Hospital system. Del Norte Estates is an established neig...

  • 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

1515 Memorial Drive Extension, Greer SC 29651


1515 Memorial Drive Extension, Greer

Great home with nice size rooms three bedroom two full baths, living area with den with fireplace. Visit case number 461-450274 for all your educatio...

  • 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

509 Canewood Place, Mauldin SC 29662


509 Canewood Place, Mauldin

3 or 4 bedroom unit, formal dining room, some built-ins, huge kitchen/breakfast area. Garage has some workbench space. Shows well. To be sold as is; addenda to follow.

  • Beds 3
  • Baths 2.5

306 Memorial Drive, Greer SC 29650


306 Memorial Drive, Greer

Great 2 bedroom/2 bath brick home in prime location across from Memorial Hospitial. Consider for home or office space. Buyer's agent to verify sq ft

  • Beds 2
  • Baths 2.0

122 Welcome Avenue, Greenville SC 29611


122 Welcome Avenue, Greenville

Grreat opportunity to own this charming home in convenient location. Make an offer! REO PROPERTY - BANK OWNED. PROPERTY SOLD ‘AS IS’ WITHOUT REPAIR, WARRANTY OR SELLER ...

  • Beds 3
  • Baths 1.0

4 Fairview Lake Way, Simpsonville SC 29680


4 Fairview Lake Way, Simpsonville

Nice three bedroom and two and one half bath home, with a two car garage. Located in a great development, with community pool, playground, walking/jogging trails.

  • Beds 3
  • Baths 2.5

100 Reedy River  Way, Greenville SC 29605


100 Reedy River Way, Greenville

100 Reedy River Way is strategically placed on an exterior lot in this suburban community. Located across the Reedy River from Hejaz Shriner’s golf course, this home feat...

  • Beds 3
  • Baths 2.0

204 Premier drive, Piedmont SC 29673


204 Premier drive, Piedmont

Bank Owned. Sold AS IS with NO CONTINGENCIES. INSPECT PROPERTY PRIOR TO PRESENTING OFFER. Great location in Kingswood Subdivision. 1996 Riverchase 28x48 on 0.24 acre lo...

  • Beds 3
  • Baths 2.0

110 Heritage Lane, Simpsonville SC 29681


110 Heritage Lane, Simpsonville

This is a rare find! 1.3 acre level lot, ranch home with a privacy fenced backyard and inground pool! Pool just got a new liner and pool pump. Inside has all new carpe...

  • Beds 3
  • Baths 2.0

7 Jonquil Lane, Taylors SC 29687


7 Jonquil Lane, Taylors

Visit case number 461-362090 for all your education needs for this property and how to submit offers. Home sold as is. If you need any help, or if th...

  • Beds 3
  • Baths 1.5

39 Hayfield Lane, Greer SC 29650


39 Hayfield Lane, Greer

Move in ready 2br 2ba townhome with all new paint, carpet, range, and DW, some new lights. This one looks great! FP in greatroom and is open to kitchen with eating area...

  • Beds 2
  • Baths 2.0

24 Briarglen Place, Greenville SC 29615


24 Briarglen Place, Greenville

2BR/2.5BA condo with brick and wood siding. Unit features 1st floor laundry, Master Bedroom on 2nd level with full bath, outside storage closet and private patio area. ...

  • Beds 2
  • Baths 2.5

14 Piney Woods Lane, Greenville SC 29605


14 Piney Woods Lane, Greenville

Well maintained, 4Br/2Ba, updated tri-level in Woodfields. Inside you'll find gleaming hardwood floors, tile floors and counters in the kitchen, and updated bathrooms. ...

  • Beds 4
  • 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 April 17, 2014

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