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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

378 Edwards Rd, Duncan SC 29334

$69,500

378 Edwards Rd, Duncan

None

  • Beds 4
  • Baths 2.0

721 Cannon Ford Road, Inman SC 29349

$34,500

721 Cannon Ford Road, Inman

Country setting w/over an acre. Rocking chair front porch. Nice mature trees provide losts of summer shade. House needs work but could be really cute once it's fixed up.

  • Beds 2
  • Baths 2.5

118 Daryl Street, Spartanburg SC 29349

$51,000

118 Daryl Street, Spartanburg

None

  • Beds 2
  • Baths 1.0

405 W King Street, Easley SC 29640

$42,500

405 W King Street, Easley

This is a Fannie Mae property. This property is approved for Homepath Renovation Mortgage Financing. Cute 3 bedroom 2 bath home located close to everything Easley and ...

  • Beds 3
  • Baths 2.0

9989 Highway 221, Woodruff SC 29388

$39,900

9989 Highway 221, Woodruff

BANK OWNED! Solid brick home in Woodruff. Tenant occupied @ $560/month. Property manager in place. Perfect for investors wanting to add rentals to their portfolio. New ho...

  • Beds 3
  • Baths 2.0

1933 Saluda Dam Road, Easley SC 29640

$309,900

1933 Saluda Dam Road, Easley

Saluda Dam Road is a wondrous road that joins Greenville to Easley via the countryside. Our home is a custom built all brick traditional style home on approximately 2.7...

  • Beds 4
  • Baths 3.5

114 Mathews Heights Road, Greenwood SC 29646

$39,900

114 Mathews Heights Road, Greenwood

3 bedroom, 1 bath home on corner lot. Huge storage building, carpet & hardwood floors. This is a Fannie Mae Homepath Property. This property is approved for Homepath Reno...

  • Beds 3
  • Baths 1.0

112 Gridley Street, Greenville SC 29609

$19,900

112 Gridley Street, Greenville

This is a Fannie Mae HomePath property. Bring back the sparkle and you will have made a smart investment. Like challenges? This older 2BR/1BA home could use some remodeli...

  • Beds 2
  • Baths 1.0

6 Add Court, Fountain Inn SC 29644

$5,999

6 Add Court, Fountain Inn

Level corner lot that had a ZONED FOR A MOBILE HOME WATER AND SEWER HOOK UP ON LOT .

  • Beds
  • Baths

708 Pineapple Pointe, Greenville SC 29607

$173,840

708 Pineapple Pointe, Greenville

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

  • 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 September 18, 2014

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