South Carolina Mortgage Demand Letter is a legal document used by lenders or mortgage holders to demand payment from a borrower who has defaulted on their mortgage loan in the state of South Carolina. This letter serves as formal communication to inform the borrower about the delinquency and requesting immediate payment to resolve the outstanding mortgage debt. It is an essential step for lenders to initiate foreclosure proceedings if the borrower fails to respond or fulfill the payment demand. Keywords: South Carolina, mortgage demand letter, legal document, lenders, mortgage holders, payment, borrower, defaulted, mortgage loan, delinquency, outstanding mortgage debt, foreclosure proceedings. There are two main types of South Carolina Mortgage Demand Letters: 1. Pre-Foreclosure Demand Letter: This type of demand letter is typically sent to the borrower when they have fallen behind on mortgage payments, but foreclosure proceedings have not yet begun. It aims to remind the borrower of their delinquent status and demand immediate payment to avoid the initiation of foreclosure proceedings. This letter also notifies the borrower of the consequences and potential legal actions they may face if they fail to pay or make necessary arrangements promptly. 2. Post-Foreclosure Demand Letter: This demand letter is usually sent to the borrower after the foreclosure proceedings have commenced and the property has been sold at auction or taken back by the lender. It serves as a demand for any remaining financial obligations that the borrower may owe after the foreclosure sale, such as deficiencies or outstanding costs relating to the foreclosure process. The letter informs the borrower of their legal obligations and seeks payment to satisfy the remaining debt. Keywords: Pre-Foreclosure Demand Letter, Post-Foreclosure Demand Letter, foreclosure proceedings, delinquent, auction, deficiencies, outstanding costs, legal obligations, foreclosure sale, borrower.