GroundRules
S.C. Code Ann. § 29-3-670: Deficiency shall not be extinguished on purchase by mortgagee.
Where this section sits in the code
- Title 29 - MORTGAGES AND OTHER LIENS
- CHAPTER 3 Mortgages and Deeds of Trust Generally
- ARTICLE 7 Foreclosure
When any sale of land is made under the circumstances under which such a sale is permitted by SECTION 29-3-630 any balance of the mortgage debt over the purchase price of the land at such sale shall not be extinguished by reason of the mortgagee or his assigns becoming the purchaser at such sale, whether the mortgage contained a provision to that effect or not.
Collected 2026-09-02T06:58:14Z. Source file · JSON