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Frequently Asked Questions | Common Terms | Interesting Facts
Contact Person:
Anne Lawson
Mailing address:
P.O. Box 1236
Conway, SC 29528
Physical location:
Government & Justice Center
1301 Second Ave
Conway, SC 29526
Phone: (843) 915-5310
Fax: (843) 915-6310
Office Hours
8:00 am - 5:00 pm
Monday through Friday
- The Horry County Office of Master-in-Equity or Equity Court
is a division of the South Carolina State Circuit Court. The Master-in-Equity decides
issues involving real estate such as foreclosures, partitions and contracts. However,
the Master may hear any case referred to him by the Circuit Court. In addition, the
current master-in-Equity, J. Stanton Cross, Jr., also serves as Special Circuit Court
Judge.
- When are foreclosure sales held?
The first Monday of each month unless it is a holiday and then the sale will be the first Tuesday
of the month.
- If I purchase a property at the sale and pay my 5% down then find something wrong with the
property and don't comply with the balance of my bid, what happens to the 5% deposit I made?
If you do not comply with the balance of your bid you lose the 5% down payment you made.
- What does deficiency demanded and the sale will remain open of 30 days mean?
When we have the original sale, if the deficiency is demanded, the property sale will remain open
for a period of 30 days. Then we have an upset bid sale, wherein someone can come in and bid more
than the origial bidder and purchase the property. However, if you are the successful bidder at the
first sale, you will not be allowed to bid at the upset bid sale. Also, you must bid more than the
amount which was bid at the original sale and you can not underbid.
- Foreclosure: to foreclose a mortgage which is in arrears
- Forfeit: to lose or lose the right to through some error
- Deficiency: inadequacy; a shortage
- Equity Court: justice according to natural law or right
- Under the English system of jurisprudence, courts which would administer justice according to equity were termed "Courts of Chancery". These courts were distinct from the common law and empowered to decree equity or fairness between the parties. Today the master-in-Equity Courts are an outgrowth of the English system.
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