SC chief justice again halts foreclosures, orders parties to try to settle outside court

COLUMBIA, S.C. — For the second time in two years, South Carolina’s chief justice on Tuesday ordered a stop to all pending foreclosures until the parties involved can complete an intervention process — a move with the potential to affect thousands of people struggling to hold onto their homes.

The injunction, which applies both to foreclosures still pending on May 9, as well as any filed after that date, is intended to give homeowners a chance to mitigate their losses, modify their loans and potentially alleviate the already strained court system processing the cases, Chief Justice Jean Toal wrote in the order.

Read the rest of the report here…

Full text of the ADMINISTRATIVE ORDER here…

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