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
Must see at this price. 4bed/2bath home with attached garage. Located just off Hwy 8 on Old Bethlehem School Road. Hardwood floors and fireplace. Large rear deck.
Much potential here. Home has an unfinished upstairs with some drywall.electrical/hvac. Downstairs has all bedrooms, fireplace, and laundry. Home needs full updates plu...
Under Construction! This Burton Floorplan is under construction in sought-after subdivision with amenities such as pool, athletic fields, lights, playground and much more...
What a great buy for this three bedroom two bath home in Hampton Ridge! Features include open living room with wood burning fireplace, kitchen with separate dining area, ...
Excellent price on this home! Home needs some updates and repairs, but is priced accordingly. Home is conveniently located close to downtown! Hurry and call today for you...
Great 3bd/2ba with Bonus. Nice open floor plan, hardwood laminate floors throughout entry, living, and dining room. Large and open eatin kitchen with access to florida ro...
Don't miss out on making this house your home and make an offer! This charming ranch style home offers a nice floorplan, wood deck in the rear and it sits on a 1 acre wo...
Great cul-de-sac lot near Woodruff Road! Two-story foyer, two-story great room. Master on main level, enormous kitchen with island, fireplace. Of the three bedrooms ups...
Home has another 400-500 sq ft in unfinished basement. Needs updates but features 2 fireplaces, large master bath, full laundry room, formal dining room, and partially fe...
Ranch style home located in Pierce Acres subdivision. 4 bedrooms with 3 bathrooms. Island in kitchen, fireplace in den is also open to dining area, built in book cases in...
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 December 18, 2014
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