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Jay Rogers
The Real Estate Savings Center, LLC
1233 Spoon Court
Mt. Pleasant, South Carolina,
Office: 843 849 7587
Cell: 843 367 7587
Fax: 800 889 1847
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Lic. #: 24852
foreclosure types PDF Print E-mail

What types of foreclosure are there in theIsle of Palms area?

Judicial foreclosure action is a proceeding in which a mortgagee, a trustee or another lienholder on Isle of Palms property requests a court-supervised sale of the property to cover the unpaid balance of a delinquent debt.
Nonjudicial foreclosure is the process of selling real property under a power of sale in a mortgage or deed of trust that is in default. In such a foreclosure, however, the lender is unable to obtain a deficiency judgment, which makes some title insurance companies reluctant to issue a policy.

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Last Updated ( Thursday, 04 September 2008 )
 
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