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

113 Hill Drive, Six Mile $299,900

Looking for a country living, you've found it! As you walk into the front door you are greeted by the over sized living space. This leads you to the open kitchen with lot...

3 Beds
3 Baths
20234270 MLS

2123 N Highway 81, Anderson $795,000

Great redevelopment opportunity in a high growth corridor! This property is a former bank building with 4,523 SF and sits on a 1 AC corner lot on Highway 81. With a tra...

20234236 MLS

1922 Dobbins Avenue, Anderson $29,500

Equal Housing Opportunity Great investment property featuring 3 bedrooms 1 bathroom , fenced backyard minutes to downtown Anderson , nice level lot Property is owned by ...

3 Beds
1 Baths
20234203 MLS

1307 Old Pendleton Road, Easley $25,000

Must see this property located in the Easley area. Topography to rolling to level. Mostly cleared. Call today ! Property must remain on the market for 7 days prior to s...

20234109 MLS

3871 Hwy. 24 Highway, Anderson $459,900

Formerly the Anderson Moose Lodge! Complete with office space, kitchen, spacious open areas and all situated on approximately 3 acres of land! All furniture and other ite...

20234027 MLS

117 Century Oaks Drive, Easley $244,900

Nice home located in the Hornbuckle subdivision . This home features 4 bedrooms ,2.5 bathrooms , spacious kitchen , and a 2 car garage . The outside space is great for ga...

4 Beds
2.5 Baths
1431919 MLS

115 Latimer Mill Road, Honea Path $64,900

One level country living. Ranch plan has 3 bedrooms plus an office. Owners suite features a full bath. Open kitchen-dining room room design. Covered front and rear porc...

3 Beds
2 Baths
1431684 MLS

20 Pineview Drive, Ware Shoals $124,900

This lovely 1919 sq.ft. ranch style home is waiting for your TLC! You will get a nice walk in laundry room, oversized fully wired outbuilding perfect for the mancave, pr...

3 Beds
2 Baths
1431113 MLS

276 Stonehaven Way, Seneca $319,900

Nestled behind mature trees lies an opportunity you don't want to miss. Located perfectly between Clemson and Seneca, in the sought after Stonehaven Subdivision, you'll f...