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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
  • 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

    A roadmap on how to handle foreclosures. Content Detail

    By:
    South Carolina Legal Services - Columbia
  • 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
  • Home Mortgage Modification

    Content Detail

    By:
    South Carolina Appleseed Legal Justice Center
  • HUD Homes (Answers to Common Questions)

    This web page explains how to buy a HUD Home and provides links to properties that are available near you for purchase from HUD. When someone with a mortgage insured by the Department of Housing and Urban Development (HUD) can't meet their payments, the lender forecloses on the home. HUD pays the lender what is owed and HUD takes ownership of the home. Then HUD sells it at market value as quickly as possible. Content Detail

    By:
    U.S. Department of Housing and Urban Development
  • 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
  • Let FHA Loans Help You

    FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) - which is part of HUD - insures the loan, so your lender can offer you a better deal. Low down payments. Low closing costs. Easy credit qualifying. Content Detail

    By:
    US Department of Housing and Urban Development
  • Mortgage Foreclosure in South Carolina

    Content Detail

    By:
    South Carolina Appleseed Legal Justice Center
  • Mortgage Foreclosures: Dos and Don'ts

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

  • 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
  • Recognizing Mortgage Predatory Lending

    A presentation on how to recognize predatory mortage lending Content Detail

    By:
    South Carolina Legal Services - Columbia
  • 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