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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

244 Gardenia  Drive, Ninety Six SC 29646

$119,900

244 Gardenia Drive, Ninety Six

Gate Code: #2677

  • Beds
  • Baths

205 Kayak, Greenwood SC 29626

$99,900

205 Kayak, Greenwood

Bank Owned residential lakefront lot on Lake GreenwoodBank Owned residential lakefront lot on Lake Greenwood. Located in the Newport Subdivision, this lot has 77' of Roa...

  • Beds
  • Baths

238 Gardenia  Drive, Ninety Six SC 29646

$119,900

238 Gardenia Drive, Ninety Six

Bank owned residential lake front lot on Lake Greenwood. Approximately 92' road frontage and 91' lake frontage, per county records. Located in the gated community of Su...

  • Beds
  • Baths

4 Queensbury Drive, Greenville SC 29617

$99,900

4 Queensbury Drive, Greenville

Foreclosure, Bank Owned, Corporate Owned, Investment Property, Fixer Upper: However you wish to call it, this property is a 3 bedroom 2.5 bath with plenty of room to turn...

  • Beds 3
  • Baths 2.5

155 Big Dipper, Greer SC 29651

$98,900

155 Big Dipper, Greer

Located in the Starcrest subdivision in Greer, this single story home with one car detached garage can be yours for under $100,000.00. Sale includes stove, microwave and ...

  • Beds 3
  • Baths 2.0

7 Melvin Drive, Greenville SC 29605

$67,840

7 Melvin Drive, Greenville

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

  • Beds 3
  • Baths 1.5

853 ROGERS BRIDGE ROAD, Duncan SC 29334

$110,000

853 ROGERS BRIDGE ROAD, Duncan

Brick ranch on approx 1.5 ac level yard with mature trees several storage bldgs on property home has walk down basement entrance from outside only could make a great ho...

  • Beds 3
  • Baths 1.5

1213 S Highway 14, Greer SC 29650

$116,600

1213 S Highway 14, Greer

This is a nice home and location. Very large detached garage. Full basement with all possibilities. Can be a great workshop or finish the basement. Might not last long b...

  • Beds 3
  • Baths 1.5

302 Sandridge Church Road, Ninety Six SC 29666

$23,000

302 Sandridge Church Road, Ninety Six

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

  • Beds 3
  • Baths 2.0

228 Twilitemist Drive, Duncan SC 29334

$184,900

228 Twilitemist Drive, Duncan

This is a Fannie Mae HomePath property. Nice 5 bedroom or 4br with bonus room with closets. All new flooring and paint throughout and new appliances make this one move ...

  • Beds 5
  • 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 October 30, 2014

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