Almost one in 10 S.C. homeowners was behind on mortgage payments or in foreclosure at the end of September.
And the state’s high unemployment rate indicates more people will have trouble making payments next year.
In South Carolina, 9.4 percent of homeowners were at least 30 days past due or in the process of foreclosure in the third quarter,according to data released Friday by the Mortgage Bankers Association. That is up from 8.1 percent in the same period last year.
Of the 666,729 mortgages serviced in the state, 7.4 percent were delinquent and 2 percent were in foreclosure, the MBA reported.