If you are facing foreclosure in South Carolina, start here to learn about the process.
In South Carolina, the foreclosing lender or servicer must sue you in court in order to sell your home -- this is called a judicial foreclosure. If your home is underwater (the mortgage is greater than the value of your home), the lender can also ask for a "deficiency" in its lawsuit. If successful, this would mean the lender could come after you for the difference between the value of your home and the mortgage balance.
Unlike some states, South Carolina doesn't have any special foreclosure mediation programs or funds to assist those going through foreclosure. However, you may qualify for any number of federal loan modification or assistance programs. To learn more about these and other alternatives to foreclosure, visit our Foreclosure Center.
South Carolina Foreclosure Laws and Procedures
Avoid surprises and know your rights when facing foreclosure in South Carolina.
Deficiency Judgments After Foreclosure in South Carolina
In South Carolina, if you go through foreclosure and the sale price is not enough to cover the balance of your mortgage, your lender can come after you for the difference.
South Carolina Timeshare Foreclosure and Right to Cancel Laws
Learn about South Carolina timeshare foreclosure laws, right to cancel laws, and other timeshare contract laws.
South Carolina HOA and COA Foreclosures
If you default on HOA or COA payments in South Carolina, the association may foreclose on your home.