Can I Sell My House in Foreclosure in Greenville?

Can I Sell My House in Foreclosure in Greenville?

by | Apr 21, 2020 | Blog

Do you have a Greenville South Carolina house that’s in foreclosure right now? Many people going through the South Carolina foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more negotiating, but usually you can sell your property prior to foreclosure. Generally, the sooner you start, the better.

Here’s a quick video on what foreclosure really is:

I talk to people who are in the foreclosure process on a daily basis. I cannot express the importance of acting sooner, than later. You see, because we do this on a daily basis we know all the right questions to ask and how to get the banks to comply. The key is having enough time to sell your property before it is auctioned off or taken back by the bank. The last thing you want is someone knocking on your door explaining that they bought your house from the bank and need you to move out, right? What a nightmare that would be! Unfortunately, we’ve seen this happen to people that are unwilling to act quickly.

I could ramble on about the process and I will go into depth a little later in the article, but here is a really good 5 step guide on the foreclosure process.

If you’re reading this and want to know if you’re home is on the list to sell this month. Here’s a link to the Greenville County, Spartanburg County and Anderson County websites that provide a list of everything that will be sold in that particular month.

Can I Sell My House in Foreclosure in Greenville? – How it works

There are a lot of folks in Greenville who have faced foreclosure in the past few years and trust me a lot more are to come via Covid-19. Since the changes in the economy, a lot of banks have been shifting the way that they deal with foreclosures.
Remember, the bank that carries your mortgage doesn’t want to see your home abandoned or auctioned. The bank stands to make the most amount of money by helping you to avoid foreclosure by selling your property. However, dealing with banks during any part of the foreclosure process can be a huge pain. Over many years of working with banks to help stop the foreclosure process, we’ve learned a few tricks that will help you.

Working With Banks During The Foreclosure Process

  1. Always over-communicate with the bank (but don’t be annoying). Call with updates and show them what you’re doing to get your property sold.
  2. Don’t miss deadlines. If anything will be late, call with advance notice.
  3. Remember that bankers are people too. Don’t be overly dramatic, but explaining your situation and demonstrating your willingness to fix the problems to make it right goes a long way.
  4. Start keeping careful records of every conversation you have with the bank. Nothing counts unless it is in writing. Make sure to keep track of each person you speak with, what they said, and any promises made.
  5. Explore all your options, including short sale, loan modifications, and bankruptcy. Depending on the details of your personal situation, you may be able to dramatically slow down the foreclosure process with enough effort. Each bank has its own policies to help borrowers avoid foreclosure.
  6. Don’t wait. Unfortunately, time is not on your side. The further behind you become on payments, the fewer options are available to you.

Here’s an article that explains foreclosure and the entire process really well:

If you’re looking to sell your Greenville house in foreclosure fast, call us now.

I want to dive in a little more on # 5. This is where we are EXPERTS! There are 6 to 7 very important questions to ask your bank. Depending on the lender, they may accept any or all of the options you inquire about. Without writing a book on this topic that would be entirely too long to read, I’ll give you one simple thing:  We ask, “If we have a family member co-sign, will you allow us to modify the loan?”

That’s a question that essentially no one is asking because they don’t know to ask. The bank wants to know that you’re dedicated to getting back on track. Your loan is strengthened when you have a family member with good credit co-sign. This is one of the many questions we ask the bank. Again, the bank doesn’t want to see your home abandoned or destroyed. If they foreclose on you, they pay attorney fees that total up to thousands of dollars. Trust me, they’d rather figure something else out. We can assist you every step of the way.

We specialize in helping homeowners in situations including foreclosure around Greenville and the whole state of South Carolina get out of difficult situations and avoid foreclosure. In certain circumstances, we can negotiate directly with the bank to reduce the amount you owe and (sometimes) even help you walk away from your property with cash. It does sound cliche’, but our goal is to create a win-win situation. Even if you do have to walk away from the property, we want you to put at least some of the equity in your pocket. If the bank gets it, you’ll likely see nothing.


I want to share a story about a client I worked with in 2019. I found out he was in foreclosure because his property was being advertised online and in the newspaper. His name was Justin and he had no idea that he was about to lose his home. I built up enough courage and knocked on his door and politely asked if he knew that his home was about to be sold at auction in the coming weeks. He said he had no clue. Of course, he was aware that he was behind on payments, but had no idea it was about to be taken from him by a stranger.

On top of the foreclosure situation, he had “friends” that were living in the house with him and using drugs. They didn’t want to leave and he knew it. He knew it was going to be tough telling them that he hadn’t been making the payments and they were going to be forced to move. He, like me, built up enough courage and told them I need to sell my house fast and move before it goes to auction and I end up with nothing. I ended up giving the “friends” $1,000.00 to just pack up their things and find a new spot. In the end, it all worked out! Justin put some money in his pocket and didn’t allow the foreclosure to impact his credit. I even set him up with an AirBnB for a couple weeks until he found himself a place to live longer term.

I share this story because I want it to be clear – it doesn’t matter what situation you find yourself in, we can help. WE BUY HOUSES in Greenville (and all over the upstate)! That is what we do!

If you need to sell a property near Greenville, we can help you.

We buy properties like yours from people who need to sell fast.

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