In Dorchester County, we've seen a jump in serious mortgage delinquency—from around 1% up to about 2%. That’s a one-point increase, and it means the number of deeply past-due loans has more than doubled, not just a slight uptick in late payments. In plain terms, these are mortgages at least 90 days overdue, which usually means three missed payments—not just a single slip-up.
As someone who’s spent nearly two decades working with folks across Summerville and Dorchester, I’ve learned that numbers like these signal stress in our community but don’t tell the whole story. Serious delinquency isn’t the same as foreclosure—many who fall behind never reach that point. What matters most for homeowners here is to pay close attention to all the local signals: home prices, job trends, inventory, and actual sales, alongside delinquency rates. This bigger picture helps you make decisions based on truth and trust—TNT, as I like to say—rather than worry over one data point.
When it comes to your next move, having the full story is what makes real change possible.
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