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

317 Whilden Ridge Court, Lyman $223,600

Don't miss out on this great opportunity! This home offers 3 bedrooms, 2.5 bathrooms, approximately 3029 square feet of living space, built in 1999, a lot size of approxi...

3 Beds
2.5 Baths
1394784 MLS

5 Cobblestone Road, Greenville $279,900

What a beautiful 4 bedroom 2.5 bath home located off of Pelham rd . Located on the main level you have office area , nice dining room area , ALL new kitchen with nice whi...

4 Beds
2.5 Baths
1394770 MLS

309 Southview Drive, Laurens $28,000

This 3 bedroom, 1 bath home has ample square footage and larger rooms. Open level rear yard. Kitchen has updated back splash. Hardwoods in living room, hall, and 2 bedroo...

3 Beds
1 Baths
1394662 MLS

34 Beasley Drive, Honea Path $64,900

Lots of potential for this 3 bedroom 2 bath home in Honea Path. This home has a formal living room, den/office, open kitchen, dining area, and a laundry room. Nice leve...

3 Beds
2 Baths
20218012 MLS

500 Yadkin Place, Marietta $42,900

Nice corner lot double wide located in Marietta SC . This home features 3 bedrooms 2 bathrooms and has an open floor plan . Come take a look today .

3 Beds
2 Baths
1394551 MLS

203 Am Ellison Road, Anderson $124,900

Come take a look at this 5 bedroom 2 bath farm house that backs up to HWY 81 and minutes away for I85 , home has spacious living room with fireplace , formal dining room ...

5 Beds
2 Baths
20217937 MLS

1 Kittleson Drive, Fountain Inn $37,900

Double wide mobile home with brick foundation. 3 Bedroom/2 bathroom. Convenient to I-385 access. Must see at this price. SOLD AS IS

3 Beds
2 Baths
1394390 MLS

123 E Reedy Fork Road, Seneca $92,500

Must see Beautiful home with privacy and still close to town. Three bedrooms and 2 baths with large detached garage and a shed for other things. This home will not last. ...