Legal Opinion

SCN MORTGAGE CORPORATION v. White

Supreme Court of South Carolina

Decided January 24, 1994No. 24002PublishedCited by 3 opinions

1Opinion of the Court

Moore, Justice:

Petitioner (SCN) commenced these foreclosure actions against respondents (Debtors) and sought deficiency judgments. Each mortgage contained a waiver of appraisal rights. The master recommended foreclosure and a deficiency judgment in each action and found Debtors had waived their appraisal rights. The circuit court affirmed. The Court of Appeals reversed in part, holding Debtors’ waivers of appraisement were invalid. SCN v. White, — S.C. —, 420 S.E. (2d) 514 (Ct. App. 1992). We agree and affirm.

ISSUE

Is a contractual waiver of appraisal rights valid?

DISCUSSION

S.C. Code Ann. §…

2Cases cited4 opinions

Dennis v. MosesWashington Supreme Court · 1898
Anderson Brothers Bank v. AdamsSupreme Court of South Carolina · 1991
Tri-South Mortgage Investors v. FountainSupreme Court of South Carolina · 1976
SCN Mortgage Corp. v. WhiteCourt of Appeals of South Carolina · 1992

3Cited by3 opinions

Federal Deposit Insurance v. Prince George Corp.Court of Appeals for the Fourth Circuit · 1995
Federal Deposit Insurance Corporation v. Prince George Corporation, a South Carolina Corporation, and Prince George Joint Venture, a Texas Joint Venture First Stockton Partners, a Texas Joint Venture Cove Partners B, Limited First Stockton Service Corporation, Co-Partners of First Stockton Partners, a Texas Joint Venture Lucille v. Pate, Federal Deposit Insurance Corporation v. Prince George Corporation, a South Carolina Corporation, and Prince George Joint Venture, a Texas Joint Venture First Stockton Partners, a Texas Joint Venture Cove Partners B, Limited First Stockton Service Corporation, Co-Partners of First Stockton Partners, a Texas Joint Venture Lucille v. PateCourt of Appeals for the First Circuit · 1995
In re KirvenUnited States Bankruptcy Court, D. South Carolina · 1995