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2 found fatally shot in parked car south of Spartanburg
Federal foreclosure assistance program in SC gets scant attention
When foreclosures in South Carolina increased sharply in the first quarter of 2012, demand for a program offering federal money to those at risk of losing their homes was expected to soar.
Instead, the number of applications received by the S.C. Homeownership and Employment Lending Program has remained constant and conspicuously low -- even in a state where the foreclosure rate is considerably worse than the national average.
Only 65 households in Beaufort County and eight in Jasper County have received aid since the program began disbursing money in January 2011, according to Clayton Ingram, director of marketing and communications for SC HELP.
"It's hard to determine exactly why people are not applying," Ingram said. "Some people just don't seek the help, for whatever reason."
He said the program has been endorsed by most of the large lenders in the state, including Citibank, Bank of America and Wells Fargo.
The program, a nonprofit division of the state Housing Finance and Development Authority, has given about $26 million in aid to South Carolinians since January 2011.
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Publisher's Note:
If you are seeking to find assistance to avoid foreclosure with your lender, please PRINT THIS ARTICLE, so that you may learn more about what your lender can do to help you, and/or family. Information is key, and now you know!
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