South Carolina Foreclosure Law

In South Carolina foreclosure by either a mortgage or deed of trust is permitted.

Judicial foreclosure begins with filing of lis pendens in court.

The borrower must be personally served within 20 days and has 30 days to respond.

No right of redemption is permitted after foreclosure in South Carolina.

Under South Carolina foreclosure law, a lender can sue for any deficiency.

A deficiency action is permitted if the appraised value of the property is less than the amount owed on the loan, after subtracting the sale proceeds.

You may also want to consider checking out a LegalMatch attorney. Their attorney’s are prescreened and the initial consultation is free and confidential. For further information about foreclosure read The Foreclosure Survival Guide: Keep Your House or Walk Away With Money in Your Pocket

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