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

$515,700

645 Driftwood Drive, Greer

Property is occupied and occupants are not to be disturbed or contacted under any circumstances. Interior inspections are not available and property is being sold AS IS....

Beds 5
Baths 3.5

$108,000

500 Shoresbrook Road, Spartanburg

Adorable ranch home with open kitchen, breakfast bar and vaulted ceiling in owner's suite! Make an offer! REO PROPERTY - BANK OWNED. PROPERTY SOLD ‘AS IS’ WITHOUT REPAI...

Beds 3
Baths 2.0

$39,900

209 N HOWARD Avenue, Landrum

Excellent potential as rental, owner-occupied residential and has commercial possibilities. If important to you, a;; measurements should be verified by the buyer's agent....

Beds 2
Baths 1.0

$39,900

213 N HOWARD Avenue, Landrum

Excellent rental and residential potential with commercial possibilities as well. If measurements are important to you, please have your buyer's agent verify.

Beds 2
Baths 1.0

$15,500

33 Highland Court, Gray Court

Large mobile home with brick foundation. Great corner lot with fenced backyard. This is a Fannie Mae Homepath property.

Beds 3
Baths 2.0

$129,900

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

$79,900

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

$59,900

402 S B Street, Easley

This property is a Fannie Mae HomePath property. 2BR/1BA stone bungalow on 0.25 acre level lot. Home features attic storage, wood-burning insert fireplace, some hardwood ...

Beds 2
Baths 1.0

$23,100

8 Lopez Street, Pelzer

None

Beds 2
Baths 1.0

$545,000

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

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