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Foreclosure Law Lawyers In Greenbackville Virginia

Greenbackville is a small unincorporated community 4.5 miles (5 km) south of Stockton, Maryland in Accomack County, Virginia, located just south of the Maryland state line at 38°0′32″N 75°23′30″W / 38.00889°N 75.39167°W / 38.00889; -75.39167. The town was settled in 1867 and was officially named "Greenbackville" by the United States Postal Service in 1874. Greenbackville and neighboring Franklin City, grew as a result of the railroad line laid in the late 1800s to transport oysters and other shellfish from Chincoteague to Baltimore, Philadelphia, and New York City. However, during the course of the 20th century the Depression, the construction of the Chincoteague Causeway, and the nor'easter of 1962 all helped to erode Greenbackville's economic base. Official Website: www. greenbackville. org The population of Accomack County near Greenbackville grew with the creation of Captain's Cove, a planned residential community just west of Greenbackville.

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...