Statutes, codes, and regulations
Code of Laws of South Carolina 1976
Title 29 - MORTGAGES AND OTHER LIENSChapter 3 - MORTGAGES AND DEEDS OF TRUST GENERALLY
Article 7 - FORECLOSURE
Section 29-3-670 - Deficiency shall not be extinguished on purchase by mortgagee

S.C. Code § 29-3-670

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Current through 2024 Act No. 225.
Section 29-3-670 - Deficiency shall not be extinguished on purchase by mortgagee

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.

S.C. Code § 29-3-670

1896 (22) 194; Civ. C. '02 Section 2381; Civ. C. '12 Section 3467; Civ. C. '22 Section 5231; 1932 Code Section 8711; 1942 Code Section 8711; 1952 Code Section 45-87; 1962 Code Section 45-87.