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Equity stripping, also known as equity skimming, is a type of foreclosure rescue scheme.Often considered a form of predatory lending, equity stripping became increasingly widespread in the early 2000s.
A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender.
Little River is a census-designated place (CDP) in Horry County, South Carolina, United States. The population was 11,711 at the 2020 census. The population was 11,711 at the 2020 census. Little River is named for the Little River , which flows into the Atlantic Ocean at the state line between North Carolina and South Carolina .
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The Little River was dammed at Newry, South Carolina in the 1890s to power the Newry Mill of the Courtenay Manufacturing Company. [3] In the early 1960s, the lower part of the Little River was flooded by the Lake Hartwell reservoir. In the early 1970s, the Little River Dam [4] was built upstream of Newry as one of two dams to form Lake Keowee ...