South Carolina § 29-3-780 Entry of release of mortgage on land sold in foreclosure sale.

South Carolina Statutes

§ 29-3-780 — Entry of release of mortgage on land sold in foreclosure sale.

South Carolina·Title 29 MORTGAGES AND OTHER LIENS·Ch. 3 MORTGAGES AND DEEDS OF TRUST GENERALLY

Upon confirmation of the circuit court of the report of the master or the other officer making a sale of lands pursuant to decree of foreclosure, the officer of the court making the sale shall cause to be recorded in the office where the foreclosed mortgage is recorded a release, cancellation, and satisfaction of the lien in the form prescribed in Section 29-3-790. However, nothing in this section may be construed to satisfy any unpaid portion of the debt secured by the mortgage.

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Upon confirmation of the circuit court of the report of the master or the other officer making a sale of lands pursuant to decree of foreclosure, the officer of the court making the sale shall cause to be recorded in the office where the foreclosed mortgage is recorded a release, cancellation, and satisfaction of the lien in the form prescribed in Section 29-3-790. However, nothing in this section may be construed to satisfy any unpaid portion of the debt secured by the mortgage.

South Carolina § 29-3-780 (Entry of release of mortgage on land sold in foreclosure sale.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1962 Code SECTION 45-97; 1952 Code SECTION 45-97; 1942 Code SECTION 3620; 1932 Code SECTION 3620; Civ. C. '22 SECTION 2164; Civ. C. '12 SECTION 1340; Civ. C. '02 SECTION 942; 1900 (23) 347; 1926 (34) 1013; 1929 (36) 17; 1990 Act No. 460, SECTION 1.