Tuesday, October 15, 2013

How You Can Get Much-Needed South Carolina Mortgage Help

"A July 8, 2013 article posted on the HousingWire website reports on the South Carolina Supreme Court's ruling that non-attorneys can modify mortgage loans without supervision from a state-licensed attorney. Based on this ruling, loan modifications by authorized persons other than lawyers do not represent an “unauthorized practice of law.” This legal statement was passed following two real estate cases where the plaintiffs alleged that their lenders unjustly changed the details of their mortgage loans. The ruling might sound a bit alarming, given that it could encourage some lenders to lay down outrageous rates and terms without requiring an attorney's supervision. On the other hand, trustworthy lenders can also take advantage of such a ruling and adjust mortgage products to better suit their clients' needs, and all without the bureaucratic process to slow them down. Naturally, homeowners will want to choose the latter of the two, and will accordingly require mortgage help from Sout

http://south-carolina.churchillmortgage.com/industry-news/how-you-can-get-much-needed-south-carolina-mortgage-help/

No comments:

Post a Comment