greenville sc homes for sale
Greenville Real Estate Hub

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

429 Log Shoals Road, Greenville SC 29607

$269,900

429 Log Shoals Road, Greenville

This is a Fannie Mae HomePath property. Purchase this property for as little as 5 percent down. Nature's best. Privacy with a view, 4BR/2.5BA surrounded with woods and wa...

  • Beds 4
  • Baths 2.5

15 Starsdale Circle, Greenville SC 29609

$184,900

15 Starsdale Circle, Greenville

Nice ranch plan with hardwoods in living, dining, and secondary bedrooms. Rec room and large storage rooms in basement. Screened porch, in-ground pool! Huge master wi...

  • Beds 4
  • Baths 2.5

521 Reid School Road, Taylors SC 29687

$77,500

521 Reid School Road, Taylors

Classic, 3Br/2Ba, eastside tri-level on a wooded and fenced lot in Taylors. Inside you'll find an oversized living room with a hardwood laminate floor and a fireplace, a...

  • Beds 3
  • Baths 2.0

165 Salem Street, Spartanburg SC 29302

$83,500

165 Salem Street, Spartanburg

Great opportunity to own this charming one story home in convenient location. This home features a bright, cheery kitchen with wood cabinets, and open living area with f...

  • Beds 3
  • Baths 2.0

2 Saint Mark Road, Taylors SC 29687

$147,900

2 Saint Mark Road, Taylors

This is a Home Path Fannie Mae property - You can own this home with 5% down and have no Mortgage Insurance Premium! It is eligible for a home path or a home path renov...

  • Beds 3
  • Baths 2.5

109 Scarsdale Street, Simpsonville SC 29680

$75,000

109 Scarsdale Street, Simpsonville

Foreclosure available in a great location! This home features a two car carport, fenced backyard, hardwood floors, and a large, open kitchen. There is an unfinished roo...

  • Beds 3
  • Baths 1.0

1 Saluda Fern Court, Greenville SC 29611

$59,900

1 Saluda Fern Court, Greenville

Nice home with large rooms on a corner lot with mature trees. Home is a bank owned foreclosure being sold as-is. Bank is willing to finance the property to qualified ...

  • Beds 4
  • Baths 2.0

2 Stonebrook Farm Way, Greenville SC 29615

$524,900

2 Stonebrook Farm Way, Greenville

Gorgeous home in popular Stonebrook Farm! Seller just finished up with new paint, carpet throughout and newly refinished hardwood floors. Vaulted ceiling in den with ga...

  • Beds 4
  • Baths 4.5

109 Montclair Road, Mauldin SC 29662

$42,800

109 Montclair Road, Mauldin

Seller is entertaining cash deals only. Home has roof, ceiling and subfloor damage. Vaulted great room, fireplace, formal dining room, full laundry room. To be sold as...

  • Beds 3
  • Baths 2.0

103 Freestone  Street, Greenville SC 29605

$37,500

103 Freestone Street, Greenville

This is a Fannie Mae HomePath Property. So much potential for this cute 3BR/1BA vinyl ranch on 0.23 acre lot. A cozy inviting home with a wonderful, big fenced backyard. ...

  • Beds 3
  • 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 September 02, 2014

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