Written by Charleston Foreclosure Defense Lawyer, Graves H. Wilson, Jr.
In an administrative order dated May 2, 2011, the Chief Justice of the South Carolina Supreme Court, Jean Toal, stated that South Carolina courts were having difficulty resolving foreclosure actions in which HAMP ("Home Affordable Modification Program") modifications or other loss mitigation options might be available. Justice Toal indicated that the problem was the result of “failed or delayed loss mitigation efforts between lender-servicers and mortgagor-debtors.”
Justice Toal explained that purpose of the order is to insure that “eligible homeowners and lender-servicers have been afforded the benefits of loan modification or other loss mitigation where possible, and to insure that the procedures for handling issues relating to such efforts are handled uniformly throughout the State, so that ...
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According to recent reports by a foreclosure research firm, the national foreclosure activity was the lowest during the first quarter of 2012 as compared to the last quarter of 2009. The national records ...
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Written by Charleston Foreclosure Defense Lawyer, Russell A. DeMott
One of the things we've known for a long time is that foreclosure isn't just bad for the homeowner; it's bad for the community, the ...
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Written by Charleston Foreclosure Defense Lawyer, Graves H. Wilson, Jr.
Freddie Mac and Fannie Mae are now offering unemployed homeowners an extended forbearance, reducing or suspending mortgage payments for up to a year. This ...
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Written by Charleston Foreclosure Defense Attorney, Russell A. DeMott
In South Carolina, closing a mortgage loan (even if it's a refinance or equity line) is considered the practice of law. As such, South Carolina ...
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Written by Charleston Foreclosure Defense Lawyer, Russell A. DeMott
Graves Wilson previously posted on the attention foreclosure issues have (finally!) gotten in the South Carolina legislature.
Since then, my friend an colleague, Columbia bankruptcy attorney, ...
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Written by Charleston Foreclosure Defense Attorney, Graves H. Wilson, Jr.
I spend a lot of time driving up and down the Interstate Highways in South Carolina - business trips, family and friends. It’s during ...
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Written by Foreclosure Defense Lawyer, Graves H. Wilson, Jr.
Foreclosure alternatives are critically important these days. More and more homeowners are finding that they are faced with the unhappy dilemma of having to ...
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Written by Charleston Foreclosure Defense Lawyer, Graves H. Wilson, Jr.
Lately, Bank of America seems to mean one thing: foreclosure. And it recently donated land to municipalities after bulldozing the homes that the ...
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Written by Charleston Foreclosure Defense Lawyer, Graves H. Wilson, Jr.
Who owns your mortgage note? What is this “servicer” that keeps changing? Why can’t the bank just give me a break and restructure the ...
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Written by Charleston Foreclosure Defense Lawyer, Russell A. DeMott
The foreclosure crisis is finally getting some attention. Several South Carolina legislators, including Senator Mike Rose who represents Dorchester County and parts of Charleston County, ...
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