Foreclosure can be a threat to your home or a welcome relief in releasing debt. What has been shown is that a better economy supports better wages, and that leads to fewer foreclosures. Since the recession has passed, foreclosure rates are dropping.
According to an Oct. 17 news report, South Carolina had fewer foreclosures in September 2016 than it did a year prior. While there were 2,060 properties in foreclosure as of September, a 1.83 percent rise since August, this is still a significant drop from 2015. In September 2015, there were nearly 14 percent more foreclosure filings.