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116 new today Next auction Mon, Nov 2

Foreclosure Homes in South Carolina

There are currently 14,828 foreclosure homes listed in South Carolina. Buying a distressed property in South Carolina can save you as much as 50 percent compared to a traditional sale. Along with bank-owned foreclosures, you can browse rent-to-own homes, short sales, preforeclosures, bankruptcies and government-owned listings such as HUD, Fannie Mae and Freddie Mac. Pick a city or county below to see every distressed listing in South Carolina.

116 new Added today in South Carolina

See all 116 new listings
  1. Property in Anderson, SC 29621 NEW Preforeclosure Price coming soon Anderson, SC 29621 3 bd, 3 ba
  2. Property in Florence, SC 29501 NEW Preforeclosure Est. $270K Florence, SC 29501
  3. Property in Lancaster, SC 29720 NEW Preforeclosure Est. $185K Lancaster, SC 29720 2.0 ba, Single-Family
  4. Property in Florence, SC 29506 NEW Preforeclosure Est. $117K Florence, SC 29506 Single-Family
  5. Property in Tamassee, SC 29686 NEW Preforeclosure Est. $128K Tamassee, SC 29686 Single-Family
  6. Property in Charleston, SC 29406 NEW Preforeclosure Est. $310K Charleston, SC 29406 3 bd, 2.0 ba
  7. Property in Blackville, SC 29817 NEW Preforeclosure Est. $51K Blackville, SC 29817
  8. Property in Simpsonville, SC 29681 NEW Preforeclosure Price coming soon Simpsonville, SC 29681
  9. Property in Fort Mill, SC 29715 NEW Preforeclosure Est. $117K Fort Mill, SC 29715 Single-Family
  10. Property in Charleston, SC 29412 NEW Preforeclosure Est. $582K Charleston, SC 29412 1 bd, 1.0 ba

Upcoming South Carolina auctions

See all 442 homes at auction this week
  1. Richland County 32 homes, today
  2. Horry County 30 homes, today
  3. Beaufort County 26 homes, today
  4. Spartanburg County 21 homes, today

South Carolina Foreclosure Laws

South Carolina primarily uses judicial foreclosure, so the lender must go through the court system to foreclose. Most loans are secured by mortgages. Because court action is required, the process can take a considerable amount of time. Deficiency judgments are often allowed if the sale price is not enough to cover the debt.

Foreclosure type
Judicial
Typical timeline
9-15 months typical
Deficiency judgment
Deficiency judgments permitted with limitations
Redemption period
Redemption rarely available.
Process and statute references
  • Mortgage Instrument Security Type
    Mortgage (primary). Deeds of trust exist but are uncommon.
  • Process Summary
    South Carolina uses judicial foreclosure. The process ends with a sale conducted by a master-in-equity.
  • Notice / Timing Statute
    South Carolina Code § 29-3-10 et seq. (judicial foreclosure process)
  • Redemption Statute(s)
    South Carolina Code § 15-39-720 (no statutory post-sale redemption)
  • Deficiency Statute(s)
    South Carolina Code § 29-3-660 (deficiency limited to debt minus fair market value)

How to Buy a Foreclosure in South Carolina

To purchase a foreclosure in South Carolina, search county foreclosure notices, MLS, and public records. South Carolina' non-judicial foreclosure requires proper notice. Arrange financing ahead of sale. Perform title and property condition due diligence. Participate in the foreclosure sale and finalize transfer.

What type of foreclosure is used in South Carolina?
The type of foreclosure in South Carolina is Judicial
Is there a redemption period in South Carolina?
Redemption rarely available.
Are deficiency judgments allowed in South Carolina?
Deficiency judgments permitted with limitations in South Carolina
How do you buy a foreclosure in South Carolina?
To purchase a foreclosure in South Carolina, search county foreclosure notices, MLS, and public records.

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