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Foreclosure Law Lawyers In Alexandria Virginia

Alexandria is an independent city in the Commonwealth of Virginia. As of the 2000 census, the city had a total population of 128,283. Located along the Western bank of the Potomac River, Alexandria is approximately 6 miles (9.6 kilometers) south of downtown Washington, D.C. Like the rest of northern Virginia, as well as central Maryland, modern Alexandria has been shaped by its proximity to the nation's capital. It is largely populated by professionals working in the federal civil service, the U.S. military, or for one of the many private companies which contract to provide services to the federal government. The latter are known locally as beltway bandits, after the Capital Beltway, an interstate highway that circles Washington, D.C. One of Alexandria's largest employers is the U.S. Department of Defense. Others include the Institute for Defense Analyses and the Center for Naval Analyses. In 2005, the United States Patent and Trademark Office moved 7,100 employees from 18 separate buildings in nearby Crystal City into a new headquarters complex in the city. Alexandria is home to numerous trade associations, charities, and non-profit organizations including the national headquarters of groups such as Catholic Charities USA, United Way, and the Salvation Army. In 2005, Alexandria became one of the first cities of its size to offer free wireless Internet access to some of its residents and visitors. The historic center of Alexandria is known as Old Town. With its concentration of high-end boutiques, fine restaurants, antique shops and theaters, it is a major draw for tourists and those seeking nightlife. Like Old Town, many Alexandria neighborhoods are compact, walkable, high-income suburbs of Washington D.C. It is the seventh largest and highest income independent city in Virginia. A 2005 assessed-value study of homes and condominiums found that over 40 percent were in the highest bracket, worth $556,000 or more. It should be noted that a large percentage of the residents of Alexandria are older government workers who skew the average and median income of the city. This being said, there are numerous public and low-income housing complexes scattered throughout Alexandria.

What is foreclosure law?

Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.

Answers to foreclosure law issues in Virginia

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...

This varies from state to state and lender to lender, but most lenders don't start foreclosure proceedings until you...

When facing foreclosure it is important that homeowners understand all of the options available to help prevent...