BREAKING NEWS: South Carolina’s Temporary Restraining Order has been lifted
Earlier this month I added a post that the South Carolina Supreme Court had issued a Temporary Restraining Order (TRO) suspending foreclosures on government mortgages.
As of earlier today, the Court issued a new Order lifting the TRO.
HOPE FOR SOUTH CAROLINA HOMEOWNERS ELIGIBLE TO PARTICIPATE IN PRESIDENT OBAMA’S GOVERNMENT FORECLOSURE PROGRAM
On May 4, 2009, South Carolina became the first state in which the Chief Justice of the South Carolina Supreme Court issued an Ex Parte Temporary Restraining Order (TRO)preventing the foreclosure sale of any property arising out of a loan owned or guaranteed by petitioner or Freddie Mac or held by a servicer who has signed an agreement to participate in the Home Affordable Modification Program aka HMP.
New details on the HMP were released on April 28, 2009.
If you think you may be eligible for the HMP, act quickly.
Kudos South Carolina! And good luck to the many homeowners who may have one more chance to keep their homes.