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Blog Posts - Foreclosure
Are There Any Benefits of Going Through Foreclosure
While the prospect of a foreclosure can be daunting, it can offer some benefits to struggling homeowners. For one, foreclosure can overhaul your finances. In some cases, losing something just might be the thing you need to fix your financial situation. For many homeowners, the costs of daily living and...
READ MOREHow Can Reed Law Firm Help Me Keep My House
Foreclosures are complicated and frightening for homeowners. Discussing your situation with an experienced South Carolina foreclosure attorney right away, even before the foreclosure process starts, will help make sure you have more options to choose from. For example, your attorney can help you negotiate with your lender so you can...
READ MOREWho Can Evict You from Your Home?
South Carolina has exacting laws in place regarding the eviction process, and knowing your legal rights as a tenant is key to protecting them. If you have been threatened with eviction or fear that an eviction notice may be coming your way, seek the skilled legal guidance of an experienced...
READ MOREWhat is Foreclosure in South Carolina
Foreclosure is among the most devastating things that can happen to many families. Put simply, foreclosure happens when a homeowner cannot keep up with their mortgage payments. Consequently, they will lose their home and get evicted by their lender. The proceeds the lender receives from the sale of the home...
READ MOREWhat is Foreclosure
If you fail to make your monthly mortgage payments for 120 days or more, your lender or their servicer can initiate a foreclosure. This legal process will give your lender the power to sell your home. They will use the proceeds from the sale as repayment for your loan. Most...
READ MOREForeclosure remains a concern for many after the moratorium ends
While owning a home might be one of your long-term goals in life, it can also be a demanding endeavor that can carry a great deal of responsibility. Even if you can manage mortgage payments initially, should circumstances in life leave you facing substantial financial challenges, the fallout may prove...
READ MOREThe link between foreclosure and health
Facing foreclosure can be an extremely stressful time in a person’s life. If you are struggling with financial difficulties, you may feel that you have little to no control over the situation, and you may dread the day when you receive further communication from your creditor. Studies have looked into...
READ MOREAre there benefits to going through foreclosure?
Struggling financially and living beyond your means can feel very stressful, and you may spend a significant amount of time thinking about how you can get yourself out of the situation you are in. If you have been missing your mortgage repayments, you may also have received threats of foreclosure...
READ MORESouth Carolina bankruptcy does not always equal foreclosure
A sudden job loss or health concern can quickly alter one’s financial picture. One day the South Carolina family is living comfortably in their home, bills are being paid and there is even money left over to enjoy the occasional splurge. The next day, tragedy strikes and the family’s financial...
READ MOREFormer posh, now defunct resort headed to foreclosure
A creditor appears to be holding all the cards regarding a South Carolina luxury resort that was created by Citadel graduate and author Pat Conroy in the 1980s. The resort is said to currently hold a mere $18 in its bank account. The foreclosure process was initially paused and the property...
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