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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

3705 LOCUST HILL Road, Taylors SC 29687


3705 LOCUST HILL Road, Taylors

What a unique opportunity! This estate is a 10,000 sf ( +/-) castle on 10 + acres with some of the most incredible views in the upstate. Bank owned. Make no mistake, thi...

  • Beds 4
  • Baths 3.5

42 Brockmore Drive, Greenville SC 29605


42 Brockmore Drive, Greenville

Split bedroom design all on one level. Vaulted greatroom with fireplace, vaulted master, kitchen serving bar, formal dining room, nice backyard. To be sold as-is;addenda ...

  • Beds 3
  • Baths 2.0

103 S Forty Road, Piedmont SC 29673


103 S Forty Road, Piedmont

Great location, large 3 bedroom, 2 bath ranch style home. Lots of potential. Spacious bedrooms, nice open great room.

  • Beds 3
  • Baths 2.0

105 Oakcreek Drive, Easley SC 29642


105 Oakcreek Drive, Easley

Equal Housing Opportunity. Case #461-501625. All HUD-acquired properties are sold “AS IS” - no repairs or warranties. FHA Uninsurable; 203K Eligible. Buyer’s agent to ve...

  • Beds 3
  • Baths 2.5

502 Sellwood Circle, Simpsonville SC 29680


502 Sellwood Circle, Simpsonville

Visit case number 461-538087 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 4
  • Baths 2.0

104 Oak Hill Drive, Greenville SC 29617


104 Oak Hill Drive, Greenville

Must see this ranch style house, sold in as is condition. Third party addendum required , pre-qualification or proof of funds with all offers. Call today will not last.

  • Beds 3
  • Baths 1.0

14 Dorsey  Boulevard, Greenville SC 29611


14 Dorsey Boulevard, Greenville

THIS IS a Fannie Mae home path property. It is not eligible for a Home Path loan. You can learn more about this home by visiting Brandon Mills is locat...

  • Beds 2
  • Baths

219 N Rutherford Road, Greer SC 29651


219 N Rutherford Road, Greer

All new paint, carpet, appliances, refinished hardwood floors look fantastic! Great room has vaulted ceiling, built ins, hardwood floors, glass door to rear deck and is ...

  • Beds 3
  • Baths 2.0

3 Peaceful  Court, Fountain Inn SC 29644


3 Peaceful Court, Fountain Inn

Extraordinary opportunity to make this 3Br/2.5Ba traditional house in Whisper Walk into the home of your dreams. All of the potential is already in place and just waitin...

  • Beds 3
  • Baths 2.5

109 Trafalgar Road, Greenville SC 29617


109 Trafalgar Road, Greenville

Great location, large brick ranch 3 bedroom, 2 1/2 bath. Unique wood ceiling in kitchen, large brick fireplace. 2 car attached garage and a Florida room. Large bedrooms a...

  • Beds 3
  • Baths 2.5

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 24, 2014

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