Understanding the Foreclosure Process

Understanding the Foreclosure Process in South Carolina

Are you having challenges understanding the foreclosure process in South Carolina? It is an important part of navigating your own home foreclosure.

What is foreclosure anyway?

Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments.

Foreclosure is no fun.  But just know that it’s not the end of the world.

When you know how foreclosure in South Carolina works… it arms you with the knowledge to make sure you navigate it well and come out the other end as well as possible.

The Basic Stages of A Foreclosure

Understanding the Foreclosure ProcessThere’s a few stages that are important to any foreclosure process.

Foreclosure works differently in different states around the country.

The two ways different states use to foreclose upon a property are: judicial sale or power of sale.

Connect with us by calling (843) 800-2705. or through our contact page to have us walk you through the specific foreclosure process here locally in Charleston to help you negotiate discounts off the amount owed to avoid having to carry out a foreclosure.

Experienced investors can help you by negotiating directly with banks to lower the amount you owe in a sale – or even eliminate it, even if your home is worth less than you owe.

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

We buy houses in Charleston South Carolina like yours from people who need to sell fast.

Give us a call anytime (843) 800-2705 or
fill out the form on this website today! >>

 

Other Foreclosure Resources For Charleston South Carolina Home Owners:

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