ModifyLoan.net » foreclosure prevention http://www.modifyloan.net Loan Modification Attorneys Fri, 12 Feb 2010 23:59:02 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 SC court halts thousands of home foreclosure sales http://www.modifyloan.net/2009/05/sc-court-halts-thousands-of-home-foreclosure-sales/ http://www.modifyloan.net/2009/05/sc-court-halts-thousands-of-home-foreclosure-sales/#comments Wed, 06 May 2009 13:56:22 +0000 admin http://www.modifyloan.net/?p=335 COLUMBIA, S.C. (AP) — South Carolina’s highest court on Tuesday temporarily stopped thousands of pending foreclosure sales in the state to give homeowners more time to take advantage of a new federal program to help them refinance mortgages.

The injunction — which mortgage experts said appeared to be the nation’s first court-ordered stop for an entire state — prevents judges in South Carolina from finalizing foreclosure sales on properties guaranteed by Freddie Mac, Fannie Mae or any other mortgage company that has signed on to a federal assistance program.

RealtyTrac Inc., a foreclosure listing firm, says the ruling could affect 5,000 South Carolina homes facing foreclosure.

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