South Carolina Foreclosures - 12,072 Foreclosure Listings

Foreclosure Homes in South Carolina

There are currently foreclosed homes listed in South Carolina. Why should you consider buying a foreclosure property in South Carolina? To save money, of course! That’s right, purchasing a foreclosed home can save you as much as 50 percent or more on the final sale price of a distressed deal in South Carolina when compared to a traditional single-family house. We’ve also got awesome deals on top of incredible foreclosure deals, from rent-to-own homes, short sales and preforeclosures in South Carolina, as well as bankruptcy filings and government-owned foreclosure listings such as HUD, Fannie Mae and Freddie Mac, among others. Just select the county in South Carolina that you want to look for a property below. Then search through all distressed real estate listings in South Carolina for the amazing deal that’s right for you.

South Carolina Foreclosure Laws

South Carolina primarily uses judicial foreclosure involving mortgage (primary). deeds of trust exist but are uncommon.. Typical timelines run 9-15 months typical. Redemption rarely available. Deficiency judgments permitted with limitations

Foreclosure Type Process

Judicial
Mortgage Instrument Security Type

Mortgage (primary). Deeds of trust exist but are uncommon.
Typical Timeline Duration

9-15 months typical
Deficiency Judgment

Deficiency judgments permitted with limitations
Redemption Period Owner Rights

Redemption rarely available.
Process Summary

South Carolina uses judicial foreclosure. The process ends with a sale conducted by a master-in-equity.
Notice / Timing Statute

South Carolina Code § 29-3-10 et seq. (judicial foreclosure process)
Redemption Statute(s)

South Carolina Code § 15-39-720 (no statutory post-sale redemption)
Deficiency Statute(s)

South Carolina Code § 29-3-660 (deficiency limited to debt minus fair market value)

How to Buy a Foreclosure in South Carolina

To purchase a foreclosure in South Carolina, search county foreclosure notices, MLS, and public records. South Carolina' non-judicial foreclosure requires proper notice. Arrange financing ahead of sale. Perform title and property condition due diligence. Participate in the foreclosure sale and finalize transfer

What type of foreclosure is used in South Carolina?

The type of foreclosure in South Carolina is Judicial

Is there a redemption period in South Carolina?

Redemption rarely available.

Are deficiency judgments allowed in South Carolina?

Deficiency judgments permitted with limitations in South Carolina

How do you buy a foreclosure in South Carolina?

To purchase a foreclosure in South Carolina, search county foreclosure notices, MLS, and public records.