South Carolina foreclosure assistance and help with mortgage.
Find mortgage help as well as foreclosure assistance in all cities in South Carolina including Columbia and Charleston. Programs provide information,. assistance, and other services to homeowners.
Foreclosure assistance from the South Carolina Foreclosure Task Force
This organization can assist South Carolina residents and offers homeowners a variety of resources and programs. They will help families save their homes from a foreclosure filing, and one of the primary services they offer is the Mortgage Default and Foreclosure program. Learn more on this program.
Charleston foreclosure clinics
First Federal and Family Services, Inc. offers clinics multiple times per month for Charleston South Carolina residents and other local families. They provide various types of assistance to families in the region. Click here to learn more about how you can receive help.
SC Hardest Fund
The federal government is providing South Carolina over $100 million that is to be used for mortgage assistance. The money is being provided as part of the hardest hit fund. Learn more on the South Carolina hardest hit mortgage assistance fund.
South Carolina loan modifications
A non-profit agency, the Homeownership Resource Center, which is part of Family Services and NeighborWorks, offers homeowners across the state mortgage loan modifications, possible interest rate reductions and other foreclosure prevention programs. Read more.
Housing counseling agencies
Dozens of non-profit housing counseling agencies are located throughout South Carolina. Homeowners who need assistance can visit one of the centers to speak to a counselor and to learn about mortgage assistance and foreclosure prevention programs. Click here.
South Carolina became the first state in the nation to have its Supreme Court issue an order that temporarily stops foreclosures on thousands of homeowners across the state who may be able to qualify for mortgage loan modifications under the Obama administration's recently announced foreclosure-prevention program.
The Supreme Court of South Carolina has put a moratorium on foreclosures that involve any mortgages that are guaranteed or owned by Freddie Mac or Fannie Mae. The freeze also includes other banks and lenders who intend to take part in the federal government loan-modification program. Find more information on Freddie Mac mortgage assistance programs.
Almost 7,000 South Carolina homes are in foreclosure proceedings and the South Carolina court's order will likely slow down, if not completely end, at least half of these foreclosures.
Freddie Mac and Fannie Mae, which requested the temporary restraining order to slow down the process, said the Supreme Court’s ruling gives it additional time to help and identify homeowners who may be able to benefit from the administration's modification plan. It will also allow them to provide mortgage help to South Carolina homeowners that should hopefully allow many to keep their homes.
The foreclosure moratorium will last for a good part of the year.