This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
South Carolina Mortgage Securing Guaranty of Performance of Lease
State:
Multi-State
Control #:
US-01084BG
Format:
Word;
Rich Text
Instant download
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How to fill out Mortgage Securing Guaranty Of Performance Of Lease?
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SECTION 37-3-104. "Consumer loan" defined. (d) either the principal does not exceed twenty-five thousand dollars or the debt is secured by an interest in land.
SECTION 29-3-330. Methods of satisfaction or release of security interest; affidavit. (A) In this section these words shall have the following meaning: (1) "Mortgage" means a lien against real property that is granted to secure the payment of money; a deed of trust must be given the same meaning as a "mortgage".
(a) The creditor must ascertain prior to closing the preference of the borrower as to the legal counsel that is employed to represent the debtor in all matters of the transaction relating to the closing of the transaction and except in the case of a loan on property that is subject to the South Carolina Horizontal ...
OR you can sign a ?deed-in-lieu? of foreclosure. This means that you are deeding the house back to the lender. The lender will then forgive the mortgage and cancel the foreclosure. This will still be on your credit report.
No mortgage or deed having the effect of a mortgage or other lien shall constitute a lien upon any real estate after the lapse of twenty years from the date for the maturity of the lien.
If this happens and additional funds are advanced or re-advanced, the guarantee secures the additional funds up to the fixed amount. When a mortgage secures a guarantee, it secures the guarantor's obligation to repay the funds advanced related to the other party's debt, up to the guarantee amount.
Mortgage States and Deed of Trust States StateMortgage StateDeed of Trust StateOregonYPennsylvaniaYRhode IslandYSouth CarolinaY47 more rows
?There is no statute of limitation on the foreclosure of a mortgage. It is only when the mortgage debt has been due after maturity for a time sufficient to raise a presumption that the same has been satisfied that mere delay will furnish a defense to foreclosure.