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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

$51,300

107 Tolar Road, Travelers Rest

Great opportunity to own this 1-story ranch home with hardwood floors and .66 acres! Make an offer! This home needs repairs. REO PROPERTY - BANK OWNED. PROPERTY SOLD ...

  • Beds 2
  • Baths 2.0

$103,900

104 Pueblo Drive, Greenville

Brick ranch with some updating completed. Large fenced back yard for kids to play. Only minutes to Furman or downtown. Owner will consider financing with any job, any cr...

  • Beds 3
  • Baths 2.0

$129,900

117 Faust Place, Travelers Rest

3BR/2BA vinyl sided ranch home on 0.67 acre, cul-de-sac lot. Home features a two car attached garage, rear deck, attic storage and gas log fireplace.

  • Beds 3
  • Baths 2.0

$41,999

1754 Highway 418, Pelzer

Tax records state 7.59 acres. Aerial records show a power line easement, and a petroleum easement also apparently crosses the property. Part of driveway also appears to b...

  • Beds 3
  • Baths 2.0

$34,900

65 Maxie Avenue, Greenville

Investor special!! Sold AS-IS. No Seller Disclosure. This is a foreclosure in need of lots of work but priced accordingly. The Bank says: Bring all offers.

  • Beds 3
  • Baths 1.5

$529,900

1574 Gap Creek Road, Lyman

Absolutely stunning stone and masonry stucco home located on approximately 11 acres that boarder the Middle Tyger River. No expense has been spared in design or finishin...

  • Beds 5
  • Baths 4.0

212 Chestnut Avenue, Greer SC 29651

$99,900

212 Chestnut Avenue, Greer

This is a Fannie Mae Home Path Property. This home is eligible for a Home Path renovation mortage loan. You can own this home with as little as 5% down. Please visit www....

  • Beds 2
  • Baths 1.5

27 Summercreek, Spartanburg SC 29302

$49,900

27 Summercreek, Spartanburg

Nice condo with deck overlooking creek. HOA fees may look high but they cover almost everything. Open living/dining area.

  • Beds 3
  • Baths 2.5

$84,900

151 Springlake Drive, Greenwood

Split bedroom floor plan. 3 bedrooms, 2 bath with large living area. Cute home in small neighborhood. This is a Fannie Mae Homepath Property. Purchase for as little as 5%...

  • Beds 3
  • Baths 2.0

$164,900

248 Highgate Circle, Greer

This is a Fannie Mae Home Path Property. It is eligible for Home Path or Home Path Renovation Mortgage financing. You can own this home with as little as 5% down payment ...

  • Beds 3
  • 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 August 28, 2014

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