FinancingGeneralHARD
Deficiency judgments in South Carolina are:
Correct Answer
B) Allowed but subject to appraisal requirements
South Carolina allows deficiency judgments but they are subject to appraisal requirements.
Answer Options
A
ProhibitedB
Allowed but subject to appraisal requirementsC
AutomaticD
Only for commercial propertyVideo Explanation2 min
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Related Topics & Key Terms
Related Topics:
foreclosure-processlender-rightsborrower-protections
Key Terms:
deficiency judgmentSC Code § 29-3-660judicial foreclosureappraisal requirementfair market value
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