South Carolina foreclosure process is judicial, which means the court is actively involved in the foreclosure process. You must have missed your payment for more than 120 days before your lender can go to court. However, you can use this period to seek out alternative solutions and make a request to your lender. Since foreclosure is judicial in South Carolina, it is usually costly and stressful. The best you can do is discuss with your lender even if they already initiate foreclosure proceedings. Here are some requests you can forward to your lender to stop foreclosure:

• Forbearance agreement

Writing a hardship letter to your lender is one of the best ways to request forbearance. The reason is that a hardship letter (if written properly) helps your lender see into your financial difficulties and circumstances that led to it. With a hardship letter, you will let your lender know of your plan to get back on track with your loan and how much time off you need to make that possible.

• Loan modification

Chances are, your lender already gave you this option, but you kicked against it, and if they are yet to, you can suggest it to your lender. Loan modification helps you review and make changes to your loan agreement. You can extend the period given to pay up the loan, reducing the amount paid per month. You will find it easier to pay off your loan this way, provided your request is granted.

• Reinstate your loan

The process of reinstating your loan requires you to pay off all the missed payments with late charges and get on track with your loan again. Most lenders prefer a lump sum amount of money before they can agree to reinstate your loan. However, if you can get the fund on time, you will stop foreclosure and save your home.

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