Greenville SC Foreclosures
If you are interested in purchasing a foreclosed home, you could go to the courthouse auction and try to purchase one of the Greenville SC foreclosed homes for sale before they are listed on the market with a Realtor.
Unfortunately, most of these foreclosures do not sell at the auction because of loan balances that are much higher than the amount the bank is willing to accept on the property. When these homes do not sell at the auction, they become an REO (Real Estate Owned) by the lender. This is when the bank would evict the homeowners if they have not already moved out, and then list the property with an area Realtor.
Foreclosed Homes in Greater Greenville
Some of these bank owned homes are in good condition, or may only need new carpet, appliances or paint. Sometimes the lenders would make these repairs/updates and then try to sell it at market value or as close to it as possible. These REO homes are mostly sold as-is, and majority of them are in need of repairs and/or updates.
The properties that are in good condition and are priced right usually sell quickly, and some of them actually receive multiple offers. The ones that don’t sell fast just sit vacant. Since the bank has no hope of getting any mortgage payments, the longer it sits, the more motivated the bank gets.
Some homebuyers are also purchasing short sales before they are foreclosed on. Although short sales may take some time to finalize, it does allow the buyer to potentially purchase the home for less than the loan balance. Plus, the homeowner gets to avoid foreclosure.
Buying a Bank Owned Home in the Upstate
If you are interested in buying one of the foreclosed homes for Sale in the Greater Greenville area, we have the local Greater Greenville SC real estate listing database online, which includes foreclosed homes for sale, so you can quickly find the information you need!
Our expert advisors can help make your real estate investment a smooth, enjoyable and profitable experience. Contact us now at 864-438-5050 to discuss your needs.
Latest Greater Greenville SC Foreclosed Listings
This is a Fannie Mae HomePath property. 3BR/2BA vinyl sided ranch on 0.18 acre, level lot. Home features attic storage, some hardwood floors, bonus room above garage wi...
This is a Fannie Mae HomePath Property. 4BR/3BA Stone and Masonite home. Home features large Den on lower level with fireplace, office, lower level storage and rear dec...
4 bedroom home with screened porch, pool, fence, and side entry garage. Lower level den/rec room has fireplace. Home needs new roof, pool liner, cosmetics updates, and pl...
Great buy on this three bedroom one bath home in Clinton! Home has been nicely updated and is move in ready! Features include den with fireplace, hardwood floors, kitche...
This is a Fannie Mae HomePath property. Throw away your rake & hoe! The perfect fit, this cozy 2 BR/2.5 BA townhome will appeal to you. Large open foyer leads to upper l...
Don't miss out! Make an offer and this house can be your home! This lovely ranch style home offers a covered front porch, oversized rear and side deck, wood floors, eat-i...
Nice brick ranch with room for all. This home just had a facelift and looks great! Narrow hardwood floors just refinished, all new paint, new appliances, new kitchen co...
Make an offer! REO PROPERTY - BANK OWNED. PROPERTY SOLD Ã¢ÂÂAS ISÃ¢ÂÂ WITHOUT REPAIR, WARRANTY OR SELLER DISCLOSURE.
Great price on this cute 3 bedroom 2 bathroom brick ranch! Ideal location. Sits on a big corner lot. It has an attached carport. The home has hardwood floors in the h...
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. © 2015 Greater Greenville Association of REALTORS®. All Rights Reserved. Last Updated February 01, 2015
Free Daily Email Updates
- Automated home searches
- Favorite properties
- Email updates
- And much more…