FORECLOSURE DEFENSE NEWS AND INFORMATION - South Carolina

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SOUTH CAROLINA HOMEOWNERS GIVEN OPPORTUNITY TO MODIFY THEIR LOANS TO AVOID FORECLOSURE	2009-04-28

SOUTH CAROLINA HOMEOWNERS GIVEN OPPORTUNITY TO MODIFY THEIR LOANS TO AVOID FORECLOSURE

Statistics for the first quarter of 2009 suggest that the rate of foreclosures is lower in South Carolina than in other parts of the United States. On April 23, 2009, GreenvilleOnline.com reported that the foreclosure rate in South Carolina's largest metropolitan areas was under 1%.

For homeowners facing financial distress, banks offer a variety of options to avoid foreclosure. These include mortgage modifications, which give homeowners the opportunity to lower their payments or interest rates. Loan modification requests are relatively simply to submit.

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