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

$59,000

34 Windswept Lane, Travelers Rest

Enjoy almost 8 acres, nestled in a quiet cul-de-sac at The Cliffs Valley. This homesite boasts mountain views and is conveniently located close to the Wellness Center and...

Beds –
Baths –

$29,500

31 Lily Street, Greenville

One story home with two bedroooms and one bathroom. Oil space heater and no AC. Home does need some updating and renovation. Priced to sell.

Beds 2
Baths 1.0

$89,000

340 Southbank Drive, Aiken

Fabulous location on Southside. Convenient to shopping and dining. New paint and carpet. Attached one car garage. End unit. New kitchen appliances. Call today for a sho...

Beds 2
Baths 2.0

$86,000

3000 Prosperity Highway, Leesville

Traditional brick ranch on 2 acres. Close to Lake Murray. Large rooms. Den with fireplace. Patio out back great for your grill and relaxing. Snack bar in kitchen. Propert...

Beds 3
Baths 2.0

$119,900

209 Butterfly Way, Taylors

Nice two story three bedroom home in Taylors! Updates include fresh interior paint as well as exterior shutters and doors, new carpet, new kitchen plumbing fixtures, new ...

Beds 3
Baths 2.5

$113,900

204 Nicholas Court, Easley

Nestled on a quite cul de sac street this cute home won't last.. Vaulted open floor plan. Spacious great room, Dining room overlooking the back deck, kitchen with pantry,...

Beds 3
Baths 2.0

$36,500

403 Crosby Circle, Greenville

This would make a nice rental with a little work. Nice lot with storage buildings. Sale is As is, where is.

Beds 3
Baths 1.0

$56,000

448 Palmetto Street, Anderson

Newry Area- Traditional style home with attached carport and paved driveway. Hardwood floors, carpet and ceramic flooring. This home has tons of charm. 3bed/2.1 bathroom ...

Beds 3
Baths 2.5

$36,500

29 4th Avenue, Greenville

Niced sized house at end of street with 3 bedrooms and 2 full baths. Would make a good rental with a little work. Sale is "as is, where is".

Beds 3
Baths 2.0

$109,900

203 Great Oaks Way, Simpsonville

This is a Fannie Mae HomePath Property. This 3BR/2BA home is perfect for raising a family as the kitchen is open to the family room and the backyard is private. Located i...

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 August 01, 2014