Jump to Navigation
We can handle your closing anywhere in the state.
Subscribe to This Blog's Feed

South Carolina HELP program to be extended and funded

Good news for residents of South Carolina has reached the media. According to a March 20 news report, a program that was designed to help residents avoid foreclosure has been extended and received more funding.

In 2016, it's expected that the South Carolina HELP program will receive an additional $22 million to add to an original $7.6 billion in federal funding. This funding will help the state's HELP program provide assistance to more homeowners.

The program currently helps people catch up and even pay mortgage payments that are behind. The report states that, for instance, someone who lost his or her job may find it hard to keep up with mortgage payments. The program would then step in to help applicants pay their mortgages so they're current, and in some cases, applicants can get additional help in paying down the mortgage over the next few months while they get back on their feet.

Not everyone who applies for this assistance gets a hand, though. Around 55 percent of people either withdrew their applications or were denied assistance. However, if you do qualify, you can get assistance that may save your home, your finances and your lifestyle while you get back into a more comfortable financial position.

There are no income limits for this program, and people with homes with mortgages that began at less than $729,751 can all be part of the program. If you're considering a foreclosure, this might be another route you and your attorney can speak about before you decide if you're going to file for bankruptcy or other financial assistance.

Source: The Post and Courier, "Program that helps S.C. residents avoid foreclosure extended, gets more funding," March 20, 2016

No Comments

Leave a comment
Comment Information
Tell Us About Your Transaction

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Visit Weeks & Irvine at One of Our Six Locations

North Charleston office 8086-B Rivers Avenue
North Charleston, SC 29406
Phone: 843-553-9800
Toll Free: 800-553-7449
Fax: 843-553-9804
Maps and Directions

Mt. Pleasant office
1100 Queensborough Blvd, Suite 102
Mt. Pleasant, SC 29464
Phone: 843-856-9800
Toll Free: 800-553-7449
Fax: 843-216-0930
Map and Directions

Mt. Pleasant North office
3040 Highway 17-A North, Suite B
Mt. Pleasant, SC 29466
Phone: 843-388-3250
Toll Free: 800-553-7449
Map and Directions

West Ashley office
873 Orleans Road, Suite 102 1/2
Charleston, SC 29407
Phone: 843-571-2996
Toll Free: 800-553-7449
Fax: 843-571-2998
Map and Directions

Summerville office
106 West 7th North St
Summerville, SC 29483
Phone: 843-875-7111
Toll Free: 800-553-7449
Fax: 843-875-7721
Map and Directions

Goose Creek office
567 Crowfield Blvd.
Goose Creek, SC 29445
Phone: 843-553-9100
Toll Free: 800-553-7449
Fax 843-553-9183
Map and Directions