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Citibank has approved the property for a short sale and a new buyer has been found. A second lien holder for a home equity loan has not agreed to a short sale and Citi has perfected its forclosure path. Foreclosure is set for June 3rd unless the two banks can agree to short sale terms. In the mean time, the potential purchasers are getting tired of the wait.
My ex-son-in-law has moved out of state and left my daughter to handle things with her own meager funds. She has no real assets other than a small savings account, but she has a steady job, hence the garnishment questons.
Using the Internet for info like this is so confusing. One site says South Carolina is not a "no recourse" state but South Carolina law will not allow garnishment as a collection method for a deficiency. A second site lists South Carolina as a "no recourse" state for foreclosures. Your answer is a third different answer.
Are you fami
May I ask whether you are familiar with these specific laws in South Carolina so that I may use your research to make other non-legal decisions such as domicile relocation; or, are you giving a general nationwide answer? I mean you no offense, but this is the first pay site I've used for this problem.
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