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Foreclosure Law Lawyers In Fredericksburg Virginia

Fredericksburg is an independent city in the Commonwealth of Virginia located 50 miles south of Washington, D.C. , and 58 miles north of Richmond. As of the 2000 census, the city had a population of 19,279. The Bureau of Economic Analysis combines the city of Fredericksburg with neighboring Spotsylvania County for statistical purposes. It is a part of the Washington Metropolitan Area. Many Fredericksburg-area residents commute to work by car, bus, and rail to Fairfax, Prince William, and Arlington counties, as well as Washington, D.C. This has led to a long-standing debate in the area over whether or not Fredericksburg has become a part of Northern Virginia culturally.

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...