Foreclosure is a legal process that goes through the court system in South Carolina. That can make it feel slower but also more confusing and cause you to delay action.
You still have options even if you’re behind on your payments. BounceBack Homes can work with you to help you stay in your home and protect your equity while you regain financial stability.
Foreclosure is a legal process that goes through the court system in South Carolina. That can make it feel slower but also more confusing and cause you to delay action.
You still have options even if you’re behind on your payments. BounceBack Homes can work with you to help you stay in your home and protect your equity while you regain financial stability.
Illness, divorce, job loss — you could fall behind on mortgage payments for any number of reasons. Is this happening to you? We know how hard this can be. BounceBack Homes® can work with you to prevent foreclosure while you restabilize your finances — and your life. With no credit check and no income verification, eligibility could be easier than you think.
Hear the stories of real BounceBack Homes clients who found a solution to keep their homes and avoid foreclosure on their terms. Click play to watch their videos.
You make the decisions. We help you understand your options.
You matter more than your score.
Even if you’re behind, your home may still hold value.
An independent attorney reviews everything before you decide.
BounceBack advocates for you and helping you understand your choices.
Avoid foreclosure while regaining control of your situation.
Even if you’re behind, your home likely holds significant equity.
We don’t make decisions for you. We empower you with options.
Get a personalized look at whether the BounceBack solution could help you:
Foreclosure goes through the courts in South Carolina.
Many homeowners believe this process gives them time.
But during that time:
By the time the situation feels urgent, fewer paths may remain.
We provide a structured path forward. Depending on your situation, that may include:
You still have options even if you’re months behind. But the window doesn’t stay open forever.
Talk with a South Carolina BounceBack advocate today.
Foreclosure goes through the court system, so many homeowners assume they have plenty of time. But during that time:
Common first steps include:
Even if you’re already behind, there may still be options available.
South Carolina is a judicial foreclosure state, which means lenders must go through the court system to foreclose.
The process generally includes:
The courts can make the process feel slower, but it is still actively moving forward the entire time.
Foreclosure in South Carolina typically takes longer than in non-judicial states, often several months or more.
However, that timeline can vary depending on:
Even though the process may take time, it doesn’t pause on its own. Costs and pressure can build throughout.
Yes, homeowners in South Carolina have important legal rights during foreclosure.
These may include:
Homeowners do have more formal opportunities to respond in South Carolina, but must take action to use those rights.
If you do not respond to a foreclosure lawsuit in South Carolina, the court may enter a default judgment against you.
A default judgment means:
Responding can help preserve more options.
In some cases, yes.
Options may include:
The earlier you act, the more flexibility you may have.
(3) If you have an hoa, community board, or pud committee, they are contacted by BounceBack or your attorney for a closing package so bounceback can operate the property DURING YOUR PROGRAM.
(2) The amount of cash advanced, if any, is dependent on the appraised value of your home and the agreed to debts that need to be paid off. In many instances BounceBack is unable to advance any cash at closing. For example, if total paid off debt at closing is greater than 60% of appraised value, we will not be able to advance any cash.
(1) Estimated Net Equity is the estimated net value based on the current appraisal, less your mortgage payoff and other agreed-upon debts, your cash-upfront payout, and BounceBack’s fees, related financing costs, transaction costs, and closing costs, all of which are subject to changes in the home’s value. For example, if the home’s value decreases due to market conditions or failure to properly maintain the property, the estimated net equity will decrease. The estimated net equity also assumes that you make all required contractual rental payments. If you fail to make any rental payments, your estimated net equity will decrease.