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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

Foreclosed Homes in Greenville SC

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.

Greenville SC Foreclosures

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

304 Tanner Chase Way, Greenville SC 29607

$163,000

304 Tanner Chase Way, Greenville

Lovely two story home, 4Br/2.5Ba, in popular Summerfield. The interior features a two story entry, a large great room with a fireplace that's open to the kitchen/breakfa...

  • Beds 4
  • Baths 2.5

310 Montague  Drive, Easley SC 29640

$254,900

310 Montague Drive, Easley

This is a Fannie Mae HomePath property. 4BR/3BA brick home on 0.80 acre lot. Home features attic storage, some hardwood floors, gas log fireplace, bonus room, 2 car attac...

  • Beds 4
  • Baths 3.0

332 Oak Street, Woodruff SC 29388

$16,900

332 Oak Street, Woodruff

Investor special. Perfect for investors looking to add to their rental portfolio. Vinyl siding, thermal windows, central heat and air. Sold as is.

  • Beds 2
  • Baths 1.0

134 Ledgewood Way, Easley SC 29642

$134,900

134 Ledgewood Way, Easley

Welcome to the lovely private cottage style community within Hickory Run known as The Meadows. Built in 2006 by a popular local builder, this neighborhood is designed for...

  • Beds 3
  • Baths 2.5

291 Driftwood Road, Cross Hill SC 29332

$234,900

291 Driftwood Road, Cross Hill

This is a Fannie Mae Homepath Property. New carpet, vinyl, fresh paint, new kitchen appliances. Split bedroom floor plan. Beautiful view of lake from sun porch, nice dock...

  • Beds 3
  • Baths 2.0

12213 Hwy 25 Business, Ware Shoals SC 29692

$30,000

12213 Hwy 25 Business, Ware Shoals

HUD Case #461-448877 Double wide mobile with permenant foundation. Privacy fenced rear yard. 4 bedrooms/2bathrooms, large rear deck. FHA financing: IE with repair esc...

  • Beds 4
  • Baths 2.0

105 Rangeview Circle, Greenville SC 29617

$36,900

105 Rangeview Circle, Greenville

INVESTORS DREAM!! Previous owner has already done most of the work tearing out the old. This property was originally a 3br 1.5ba but has been completely torn down to the ...

  • Beds 3
  • Baths 1.5

19 Verner Creek Court, Greenville SC 29609

$67,840

19 Verner Creek Court, Greenville

Make an offer! REO PROPERTY - BANK OWNED. PROPERTY SOLD ‘AS IS’ WITHOUT REPAIR, WARRANTY OR SELLER DISCLOSURE.

  • Beds 3
  • Baths 1.5

1401 West Lakeshore Drive, Landrum SC 29356

$37,000

1401 West Lakeshore Drive, Landrum

Lake Lanier Bank Owned Foreclosure.. 7.107 acres one of the largest parcels for sale around Lake Lanier with lake views possible from certain areas on this property. May ...

  • Beds
  • Baths

250 Reeves Street, Greenville SC 29605

$39,900

250 Reeves Street, Greenville

This is a Fannie Mae HomePath property. 2BR/1BA home with 0.20 acre lot. Home features some hardwood floors, front porch, rear deck and convenient to Greenville Memorial ...

  • Beds 2
  • Baths 1.0

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 October 25, 2014

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