When any sale of land is made under the circumstances under which such a sale is permitted by SECTION 29-3-630 any balance of the mortgage debt over the purchase price of the land at such sale shall not be extinguished by reason of the mortgagee or his assigns becoming the purchaser at such sale, whether the mortgage contained a provision to that effect or not.
S.C. Code Ann. § 29-3-670
Deficiency shall not be extinguished on purchase by mortgagee
1962 Code SECTION 45-87; 1952 Code SECTION 45-87; 1942 Code SECTION 8711; 1932 Code SECTION 8711; Civ
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.