foreclosure communication

South Carolina Supreme Court Foreclosure Order of May, 2011

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…

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Foreclosures on Rise in South Carolina

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 show that around 537,858 properties are facing some form of foreclosure and this figure was down by 18% since the first quarter…

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mortgage foreclosure

Foreclosure: They Just Don’t Get It!

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 state, the country. Preventing foreclosure is good for all of us. It’s not about a free house! I hear this from…

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mortgage gaint fannie mae and freddie mac

Unemployed Homeowners Offered Forebearance on Mortgage Payments

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 is an increase from the current program in which homeowners can apply for 6-month forbearance. This program is slated to start…

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tenants moving after foreclosure

Was Your Mortgage Loan Closed by an Attorney?

Written by Charleston Foreclosure Defense Attorney, Russell A. DeMott [Note below, Post Updated on 12/3/12] 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 law requires all mortgage loans to be closed by an attorney licensed in South Carolina. …

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mortgage foreclosure

South Carolina Mortgage Help Participating Servicers

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, Lex Rogerson, indicated that he’s sent various clients to the South Carolina Home Ownership and Employment Lending Program via scmortgagehelp.net…

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Hard Times–I’ve Been There, Too

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 those times that my brain seems to go into autopilot.  I have experienced many an epiphany while behind the wheel.  Difficult…

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bank of america foreclosure

Bank of America: Bulldozer Foreclosure

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 land once held.  You guessed it: These are the same homes that BOA acquired by foreclosing on the mortgages–homes previously owned by…

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mortgage note confusion

Who Owns Your Mortgage Note?

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 loan so I can make lower payments over a longer period of time?  The first two questions lead to the last.…

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