Real Property – Foreclosure Price – Equity & Debt Methods – Homeowners’ Association Dues – Senior Encumbrance (access required)

In this case, which seeks to set aside a foreclosure sale arising from unpaid homeowners’ association dues, the court follows the equity method and adds the amount of the home’s mortgage to the price paid at the foreclosure sale to determine that the sale price does not shock the conscience. We affirm the master-in-equity’s denial of ...

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South Carolina Lawyers Weekly

Real Property – Foreclosure Price – Equity & Debt Methods – Homeowners’ Association Dues – Senior Encumbrance

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