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South Carolina Complaint or Petition by Purchaser Against Possessor of Real Property After a Foreclosure Sale Pursuant to a Deed of Trust

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Keeping possession of real property without a right, such as after a lease has expired or after the real property has be sold by the possessor, may entitle the owner to file a lawsuit for "unlawful detainer," asking for possession by court order, unpaid rent and damages. This form is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a notice in a particular jurisdiction.

Keywords: South Carolina, complaint, petition, purchaser, possessor, real property, foreclosure sale, deed of trust. Title: Understanding South Carolina Complaint or Petition by Purchaser Against Possessor of Real Property After a Foreclosure Sale Pursuant to a Deed of Trust Introduction: In the state of South Carolina, when a foreclosure sale occurs pursuant to a deed of trust, the purchaser of the real property might find themselves facing issues with the possessor or occupant of the property. In such cases, the purchaser has the right to file a complaint or petition against the possessor to seek legal resolution. This article will provide a detailed description of the South Carolina complaint or petition by a purchaser against a possessor of real property after a foreclosure sale pursuant to a deed of trust. 1. Types of Complaints or Petitions: 1.1. Unlawful Detained Complaint: In some cases, the possessor of the property might refuse to leave after the foreclosure sale. In such situations, the purchaser can file an unlawful detained complaint against the possessor, seeking their eviction from the property. This complaint aims to establish the purchaser's right to immediate possession of the property. 1.2. Quiet Title Lawsuit: If there is a dispute over the legal ownership of the real property after the foreclosure sale, the purchaser can file a quiet title lawsuit. This type of lawsuit aims to resolve any claims or clouds on the title, ensuring clear ownership and eliminating any potential challenges to the purchaser's rights. 1.3. Trespassing Complaint: When the occupant of the property, who may or may not be the previous owner, continues to trespass after the foreclosure sale, the purchaser can file a trespassing complaint. This complaint seeks legal intervention to protect the purchaser's rights and prevent any unauthorized use or occupation of the property. 2. Grounds for Complaint or Petition: 2.1. Failure to Vacate or Surrender Possession: The primary ground for filing a complaint or petition is when the possessor refuses to vacate or surrender possession of the real property after the foreclosure sale. The purchaser, as the rightful owner, has the legal right to take immediate possession of the property. 2.2. Unauthorized Occupation: If the purchaser discovers that the possessor is occupying the property without permission or rightful authority, they can file a complaint to address and rectify the unauthorized occupation. 2.3. Noncompliance with Post-Foreclosure Obligations: In some cases, the possessor might fail to comply with certain obligations outlined in the post-foreclosure sale process, such as vacating the premises or transferring possession to the purchaser. Noncompliance with these obligations can provide grounds for filing a complaint or petition. Conclusion: When a purchaser of real property in South Carolina faces challenges with the possessor or occupant of the property after a foreclosure sale, they have legal recourse through a complaint or petition. Different types of complaints or petitions, such as unlawful detained, quiet title lawsuits, or trespassing complaints, can be filed based on the specific circumstances. By understanding these legal options, purchasers can assert their rights and seek appropriate remedies to resolve the situation.

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How to fill out South Carolina Complaint Or Petition By Purchaser Against Possessor Of Real Property After A Foreclosure Sale Pursuant To A Deed Of Trust?

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FAQ

What Is A Deed Of Trust? A deed of trust is an agreement between a home buyer and a lender at the closing of a property. The agreement states that the home buyer will repay the home loan and the mortgage lender will hold the property's legal title until the loan is paid in full.

Mortgage States and Deed of Trust States StateMortgage StateDeed of Trust StateOregonYPennsylvaniaYRhode IslandYSouth CarolinaY47 more rows

Deeds of trust are the most common instrument used in the financing of real estate purchases in Alaska, Arizona, California, Colorado, the District of Columbia, Idaho, Maryland, Mississippi, Missouri, Montana, Nebraska, Nevada, North Carolina, Oregon, Tennessee, Texas, Utah, Virginia, Washington, and West Virginia, ...

(A)(1) The clerk of court or register of deeds shall require an affidavit showing the value of the realty to be filed with a deed. The affidavit required by this section must be signed by a responsible person connected with the transaction, and the affidavit must state that connection.

A South Carolina deed of trust designates a trustee as a property's legal owner until the original owner's (the ?borrower?) debt to a lender is paid. Property conveyed in a deed of trust is returned to the borrower once the loan made via a promissory note is settled.

A deed of trust is a legal agreement that's similar to a mortgage, which is used in real estate transactions. Whereas a mortgage only involves the lender and a borrower, a deed of trust adds a neutral third party that holds rights to the real estate until the loan is paid or the borrower defaults.

SECTION 29-3-330. Methods of satisfaction or release of security interest; affidavit. (A) In this section these words shall have the following meaning: (1) "Mortgage" means a lien against real property that is granted to secure the payment of money; a deed of trust must be given the same meaning as a "mortgage".

No. Some states?Michigan, for example?allow the homeowner a period of time to redeem (buy back) the property after the foreclosure sale. South Carolina has no such procedure. South Carolina follows the ?hammer rule.? Once the hammer falls at the foreclosure sale, the homeowner's property rights are cut off forever.

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(B) The recording of a written document containing an assignment of leases, rents, issues, or profits arising from real property is valid and enforceable from ... A decree in a foreclosure action that plaintiff have judgment against defendants for the property subject to this action was held merely to exclude the idea ...The procedures used to record documents in the office of the Register of Deeds are designed to provide adequate and immediate notice of interests in real or ... What is real estate foreclosure? A real estate foreclosure is the legal action the lender files with the court asking the court to sell the property to satisfy ... A foreclosure is a method of enforcing payment of a debt secured by a mortgage, deed of trust, or lien on real property by selling the real property and ... The complaint should demand foreclosure of the equity of redemption and a judgment for the sale of the mortgaged property to satisfy the mortgage debt. The ... Foreclosure is the process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership of the property. Foreclosure is a method of enforcing payment of a debt secured by a mortgage or deed of trust upon real property by selling the real property and applying the ... – At any time within 10 days after the commissioner files the report of the foreclosure sale, any person having an interest in the real property may file. Jul 8, 2022 — If the lien is for a subsidiary of a failed bank, the FDIC may also be able to assist you, contact FDIC DRR Customer Service at 888-206-4662.

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South Carolina Complaint or Petition by Purchaser Against Possessor of Real Property After a Foreclosure Sale Pursuant to a Deed of Trust