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

$97,900

1238 Ascauga Lake Road, North Augusta

Fabulous location near North Augusta and Aiken. Two story home with front porch and back deck. Vinyl siding for easy maintenance, great floor plan with den and fireplace....

Beds 3
Baths 2.0

$88,000

110 Greenbriar Dr, Simpsonville

Hud Case # 461-472685 Ranch style home with 3 bedrooms/1.1 bathrooms. Located off Neely Ferry Rd and Close to 385/185(Toll Road). Hardwood floors and ceramic tile floo...

Beds 3
Baths 1.5

$59,900

114 Boland Circle, Saluda

Solid traditional brick home with updated bathroom and contemporary painting in kitchen. Hardwood floors in Living room, Spacious Den near Breakfast area. Large back yard...

Beds 3
Baths 2.0

$29,900

108 Panther Drive, Ninety Six

100% brick home with front porch! Carport and large yard, close to downtown Ninety Six and Ninety Six school district. Bring your paint brush and be ready to move in! Cal...

Beds 3
Baths 1.5

$264,900

104 DINGHY, Greenwood

Call your friends and tell them you bought a home with a view of not 1 but 2 T Boxes! Overlooking the 12th and 14th tee of this prestigious custom stucco home featuring a...

Beds 3
Baths 2.5

$157,500

346 Ledbetter Road, Travelers Rest

You are in for a surprise when you view this well crafted authentic log home on lovely Ledbetter Road. Every detail of the wood calls for your attention. Wood beams joine...

Beds 3
Baths 2.0

$149,900

27 Granger, Aiken

Sunshine pours into this home featuring hardwood floors located on the South Side of Aiken. Close to SRS, Restaurants, Malls, Schools, this is it! Open floor plan with fi...

Beds 3
Baths 2.0

$125,000

330 Hampton Farms Trail, Greenville

Don't miss out on this 4 bedroom 2.5 bath home in Hampton Farms Subdivision! Features include a den with wood flooring, kitchen with breakfast area, and formal dining ...

Beds 4
Baths 2.5

$104,900

109 Oaklane Drive, Greenwood

Get ready for great gatherings and summertime fun. It's a great time to own a 4 bedroom, 2 bath home wit an in ground pool. Large fenced back yard with a large detached g...

Beds 4
Baths 2.0

$89,900

1104 Railroad, Orangeburg

Room to Roam & Built to Last!! This 100% brick home features large Living Room with Fireplace, Huge Dining room and Open Kitchen offers a traditional floor plan and some ...

Beds 3
Baths 2.0

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 July 25, 2014