Can lenders collect on a mortgage deficiency judgement in South Carolina if I refuse to pay?
I am moving to South Carolina for work, but my mortgage company might stick me with a deficiency judgement from my current home in Michigan with an 80/20 mortgage. From what I have found, South Carolina prohibits wage garnishment from lenders except for things like child support and student loans.
I’ve asked this question before about campers, trailers, permanent sites at a camping ground in South Carolina.
I am doing alot of research here and many of my feedbacks have been negative about any bank or financial institute even considering a 2nd mortgage or loan to purchase one of these so called trailers in a campground.
I also am getting negative feedbacks on the resale value on these structures.
Anyone know, or how to go about looking for a reputable lender in South Carolina? I am in North Carolina and my broker does not know anyone nor does he have any advice for me on this situation. He told me to check in South Carolina.
So, here I am asking you.
Any help will be greatly appreciated.