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These laws can govern your mortgage relief options if you are already in foreclosure, how to post a Notice of Sale, the sale timeline and other parts of the process. Step 1: Missed mortgage payments
Certain states have both judicial and non-judicial foreclosures. If you live in a state that offers a post-sale right of redemption, the amount of time you have to re-purchase your home will ...
A recent report claimed South Carolina has one of the highest foreclosure rates in the country. Here’s what we know about Myrtle Beach and Horry County’s rate.
Strict foreclosure is also an effective remedy where the value of the goods foreclosed is the equivalent of the debt due and owing, and the creditor can easily sell the goods for that value. In order to effect a strict foreclosure, the creditor must transmit a proposal indicating their desire to foreclose, which must be sent to the debtor and ...
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.
A deficiency judgment is an unsecured money judgment against a borrower whose mortgage foreclosure sale did not produce sufficient funds to pay the underlying promissory note, or loan, in full. [1] The availability of a deficiency judgment depends on whether the lender has a recourse or nonrecourse loan, which is largely a matter of state law ...
This chapter was a part of South Carolina House Bill H.4747, passed in 2008, that established the Children's Code so as to combine aspects of the extant South Carolina Family Court, child crime, and child support statutes. [10] [11]
Some low dollar amounts of unclaimed property don’t show up on the South Carolina Treasurer’s Office website, and officials say the law does not require that to change.