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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

1825 Mountside  Drive, North Augusta SC 29841


1825 Mountside Drive, North Augusta

Large home featuring walk out basement. Newer kitchen cabinets. Large deck with built in seating that overlooks luxurious back yard. 100% traditional brick.

  • Beds 4
  • Baths 2.0

315 Quail Run Circle, Fountain Inn SC 29644


315 Quail Run Circle, Fountain Inn

Nice looking cape cod style home on corner lot with approx. 2/3 acre, fenced yard and nice trees. Big front porch and even bigger rear deck with a lower level off the ba...

  • Beds 4
  • Baths 2.5

209 Worchester Place, Simpsonville SC 29680


209 Worchester Place, Simpsonville

This is a Fannie Mae HomePath property. It's the lifestyle you deserve...charming 4BR/3.5BA home in Neely Farm Subdivision. Two story foyer, open staircase, hardwoods on ...

  • Beds 4
  • Baths 3.5

368 Buzhardt Road, Ware Shoals SC 29692


368 Buzhardt Road, Ware Shoals

Investors dream! Located directly off of Highway 25 and close to downtown Ware Shoals. This home features 3 bedrooms, 2 baths. Open floor plan and fireplace. This home is...

  • Beds 3
  • Baths 2.0

1779 New Cut Road, Spartanburg SC 29303


1779 New Cut Road, Spartanburg

Cute 2BR/1BA Brick Bungalow features a large living room with gas log fireplace and a dining room that could also be used as a den. The kitchen has a walkout to the scre...

  • Beds 2
  • Baths 1.0

8 Squirrel Hollow  Court, Greer SC 29651


8 Squirrel Hollow Court, Greer

3 Bedroom 2 Full bath Ranch Home in Greer. New Paint, Carpet, Dishwasher, stove. FORECLOSURE, AS IS Sale. No Repairs. Buyers will have 10 days for Home Inspection Due Dil...

  • Beds 3
  • Baths 2.0

345 Jeremy Drive, Westminster SC 29693


345 Jeremy Drive, Westminster

Peaceful and tranquil 4 acres in the country but still close to town. Nice 3 bedroom 1 1/2 bath brick home with bonus room. Above ground pool for summer fun. Workshop has...

  • Beds 3
  • Baths 1.5

2909 E North Street, Greenville SC 29615


2909 E North Street, Greenville

This home needs repairs and is a perfect opportunity for someone that wants sweat equity. Great location that is convenient to all major highways for commuting.

  • Beds 3
  • Baths 2.0

4231 Highway 92, Enoree SC 29355


4231 Highway 92, Enoree

Huge 4 bedroom, 2 bath mobile home on 4.53 acres. Brick underpinning. If country living is what you seek this one is for you. This is a Fannie Mae Homepath Property.

  • Beds 4
  • Baths 2.0

548 Candlewick Court, Moore SC 29369


548 Candlewick Court, Moore


  • Beds 4
  • 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 21, 2014

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