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Foreclosure Law Lawyers In Chesapeake Virginia

Chesapeake is an independent city located in the South Hampton Roads portion of the Hampton Roads metropolitan area of Virginia in the United States. One of the Seven Cities of Hampton Roads, Chesapeake was formed in 1963 by a political consolidation of the City of South Norfolk with the former Norfolk County, which dated to 1691. Chesapeake is the second-largest city by land area in the Commonwealth of Virginia. Chesapeake is a diverse city with few urban areas as well as many square miles of protected farmland, forests, and wetlands, including a substantial portion of the Great Dismal Swamp. Extending all the way from the rural border with North Carolina to the harbor area of Hampton Roads adjacent to the cities of Norfolk and Portsmouth, Chesapeake is located on the Atlantic Intracoastal Waterway and has miles of waterfront industrial, commercial and residential property. It is currently the third largest city in Virginia in terms of population. In 2006, its population was estimated to be 220,560, a 10.7% increase since its 2000 census count . Its median household income in 2007 was $63,016, the highest in South Hampton Roads .

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...