S.C. Supreme Court Chief Justice Jean Toal issued an order May 3 halting all pending home foreclosure proceedings for owner-occupied homes. The order included a new procedure that requires the lender and the borrower to fully explore all loan modification options before proceeding to foreclosure.
Toal issued the order in an effort to stem the tide of rising foreclosure volume in the courts.
Read the entire report at GSA Business by clicking here.
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