South Carolina § 29-3-720 Appraisal of the mortgaged property.

South Carolina Statutes

§ 29-3-720 — Appraisal of the mortgaged property.

South Carolina § 29-3-720

Title 29MORTGAGES AND OTHER LIENS

Ch. 3MORTGAGES AND DEEDS OF TRUST GENERALLY

This text of South Carolina § 29-3-720 (Appraisal of the mortgaged property.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 29-3-720 (2026).

Text

The board of appraisers as so constituted shall proceed to view and value the mortgaged property and all or a majority thereof shall make a sworn return within thirty days from their appointment of the true value of the property as of the date of sale, taking into consideration sale value, cost and replacement value of improvements, income production and all other proper elements which, in their discretion, enter into the determination of true value.

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The board of appraisers as so constituted shall proceed to view and value the mortgaged property and all or a majority thereof shall make a sworn return within thirty days from their appointment of the true value of the property as of the date of sale, taking into consideration sale value, cost and replacement value of improvements, income production and all other proper elements which, in their discretion, enter into the determination of true value.