LawHelp.org/SC

Home Loans and Foreclosure

Legal Information

  • Buying and Selling Real Estate

    Lawline FAQ: This information emphasizes the buying and selling of residential real estate. Many would be home buyers use the services of a real estate agent. Although the use of a real estate agent is not required, he or she can help by handling some of the details involved. Content Detail

    By:
    South Carolina Bar Association
  • Consumer Handbook on Adjustable Rate Mortgages

    With a fixed-rate mortgage, the interest stays the same during the life of the loan. But with an Adjustable Rate Mortgage, the interest rate changes periodically, and your payments may go up or down. This brochure helps you to understand Adjustable Rate Mortgages. Content Detail

    By:
    Federal Reserve Board
  • Federal Mortgage Programs

    This document contains information about federal programs to help you purchase your own home with a low-cost mortgage. HUD's Federal Housing Authority (FHA) has mortgage insurance to help you become a homeowner. FHA doesn't actually make loans. Instead, it insures loans so that if buyers default for some reason, the lenders will get their money. This encourages lenders to give mortgages to people who might not otherwise qualify for a loan. You may be able to get an FHA loan 3% down, or even less! Talk to an FHA-approved lender about itto see if an FHA loan might be right for you. Content Detail

    By:
    U.S. Department of Housing and Urban Development (HUD)
  • Foreclosure Brochure PDF

    A roadmap on how to handle foreclosures. Content Detail

    By:
    South Carolina Legal Services - Columbia
  • How To Get Help For Mortgage Foreclosure in South Carolina PDF

    A news bulletin about Mortage Fraud in the consumer sector. Content Detail

    By:
    South Carolina Legal Services - Columbia
  • HUD's Good Neighbor Next Door Sales Program

    Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence. Content Detail

    By:
    U.S. Department of Housing and Urban Development
  • Looking for the Best Mortgage

    Shopping around for a home loan or mortgage will help you to get the best financing deal. A mortgage--whether it’s a home purchase, a refinancing, or a home equity loan--is a product, just like a car, so the price and terms may be negotiable. You’ll want to compare all the costs involved in obtaining a mortgage. Shopping, comparing, and negotiating may save you thousands of dollars. Skip to Content Detail

    By:
    Federal Reserve Board
  • Mortgage Foreclosures: Dos and Don'ts PDF

    A list of things you should do and shouldn't do when dealing with mortgage foreclosure issues. Content Detail

  • SC Help Foreclosure Assistance

    Avoid Foreclosure! South Carolina Legal Services may be able to help homeowners facing foreclosure. Read More

    By:
    South Carolina Legal Services - Columbia
  • Fast Facts - Predatory Lending (The South Carolina High Cost and Consumer Home Loan Act)

    PDF document (may load slowly). Content Detail

    By:
    SC Department of Consumer Affairs
  • Fraud - Types of Fraud

    Content Detail

    By:
    SC Department of Consumer Affairs
  • Helping Elderly Homeowners Victimized by Predatory Mortgage Loans

    Equity-rich, cash poor elderly homeowners are an attractive target for unscrupulous mortgage lenders. Many elderly homeowners are on fixed or limited incomes, yet need access to credit to pay for home repairs, medical care, property or municipal taxes, and other expenses. The equity they have amassed in their home may be their primary or only financial asset. Predatory lenders seek to capitalize on elders' need for cash by offering "easy" credit and loans packed with high interest rates, excessive fees and costs, credit insurance, balloon payments and other outrageous terms. Content Detail

    By:
    National Consumer Law Center
  • High-Cost Home Loans: Don't Be a Target

    Homeowners Beware! You may be a target for abusive lenders trying to sell you a loan you can't afford. If this happens, you may unable to make the high payments and lose your home at a foreclosure sale or spend all of your spare cash paying off a loan you didn't need or want. Content Detail

    By:
    National Consumer Law Center
    Read this in:
    Korean / 한국어
    Russian / Pусский
    Vietnamese / Tiếng Việt
  • Protect Your Investment - Don't Let Predatory Lenders Take Your Home

    Senior citizens are an attractive target for unscrupulous mortgage lenders because they have a lot of equity in their homes after years of diligently paying off their mortgages, and they use that equity to finance home repairs, medical care and other needs. While these lenders may encourage seniors to use their hard-earned home equity to secure new loans - they will not tell seniors about the high fees, hidden payments or other disadvantageous loan terms that could lead to the loss of their homes. Content Detail

    By:
    National Consumer Law Center
  • South Carolina High Cost Mortgage and Consumer Home Act of 2003

    Slide presentation. PDF document (may load slowly). Content Detail

    By:
    South Carolina Appleseed Legal Justice Center