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Foreclosure Law Lawyers In Beaverdam Virginia

Beaverdam is a small unincorporated community in Hanover County in the central region of the U.S. state of Virginia. It was located on the Virginia Central Railroad, which later became part of the Chesapeake and Ohio Railroad. It is the location of two historic locations: Scotchtown, a residence of Patrick Henry, and the Beaverdam Depot. It was also the childhood home of Thomas Nelson Page, a notable author and American diplomat in the 20th century. Consisting primarily of farmland, today it is an outlying suburb of Richmond. The railroad still passes through, operated by the Buckingham Branch Railroad, a Virginia-based short line railroad. Beaverdam Elementary School of Hanover County Public Schools celebrated their centennial anniversary in 2006.

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...