$9.6 million saves 480 homes along Grand Strand

sjones@thesunnews.comMay 30, 2014 

Foreclosure Rates

PAUL SAKUMA — AP file photo

The sale of distressed homes could have been even higher in Horry and Georgetown counties without the intervention of SC Help.

Since 2011, SC Help has spent more than $9.6 million in the two counties helping the owners of 480 homes avoid foreclosure. The agency was created by the South Carolina State Housing Finance and Development Authority to disburse $300 million sent the state by the U.S. Treasury’s Housing Finance Agency for foreclosure mitigation.

So far, SC Help reported, the agency has spent $102.8 million to aid 7,577 homeowners statewide. It has committed another $31,850,989 that’s not yet spent.

More than 98 percent of those helped so far have continued to avoid foreclosure and remain in their homes.

“Families keeping their homes is good for all South Carolinians as it keeps our state’s neighborhoods and property values intact,” said Matt Rivers, director of SC Help.

For more information, go to schelp.gov.

Contact STEVE JONES at 444-1765 or on Twitter @TSN_sjones.

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