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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

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$75,000

1607 1607 Gentry Memorial Highway, Easley

Great investment property,Possible commercial property located on Highway 8 Between Easley and Pickens. almost 2 ac. house is being sold "as is"

  • Beds 2
  • Baths 2.0

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$109,900

107 Woodglen Drive, Simpsonville

Beautiful 2br 2ba home with all new paint, carpet, vinyl flooring, new kitchen appliances (except fridge) make this one move in ready today! Great room has a vaulted cei...

  • Beds 2
  • Baths 2.0

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$245,000

105 S Norman Street, Liberty

:: ± 6,750 SF Building :: ± 2.00 Acres :: Tax Map #4087-11-75-3399 :: Unzoned in Pickens County :: All utilities available :: Great potential for Church, Offi...

  • Beds
  • Baths

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$34,900

225 Sandy Peach Lane, Lexington

Mobile home located on large lot that offers opportunity to live farm style lifestyle. Formal living room. Den with fireplace. Master bath with garden tub. Kitchen has is...

  • Beds 3
  • Baths 2.0

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$32,900

505 State Park Road, Greenville

Sold as is, where is

  • Beds 3
  • Baths 1.0

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$123,200

108 Stapleford Court, Easley

Cosmetically challenged but solid home in good location. New carpet and paint and this culdesac home will sparkle. Minutes to powdersville or easley , but quiet and peace...

  • Beds 3
  • Baths 2.5

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$139,400

518 Barn Swallow Drive, Simpsonville

Great Simpsonville location. Spacious 3 bedroom, 2 bath open floor plan. Vaulted ceiling, 2 car attached garage, garden tub. Priced to sell.

  • Beds 3
  • Baths 2.0

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$74,900

139 Hughes Street, Fountain Inn

Nicely updated 3br 2ba home on a flag lot with private woods to the rear. Fenced backyard, patio, and lots of trees for shade. This home has brand new paint, carpet, vi...

  • Beds 3
  • Baths 2.0

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$159,900

13 Montague, Greenville

This is a Fannie Mae home path property. Our home is a charming 3 bedroom ranch style home with a large bonus room over the side entry garage. With approximately 2000 sq...

  • Beds 3
  • Baths 2.0

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$30,000

340 Laurel Branch Trail, Tamassee

Large 1.73 acre lot, with a nice covered porch. Three bedrooms and 2 full baths. Split bedroom plan. Master with garden tub and separate shower.

  • 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 November 23, 2014

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