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Foreclosure Law Lawyers In Hot Springs Virginia

Hot Springs is an unincorporated community in Bath County, Virginia, United States. It is located about 5 miles (8 km) southwest of Warm Springs on U.S. Route 220. Hot Springs is the site of a number of resorts that make use of the springs. The area is historically important to the development of Bath County. As early as the mid 18th century, travelers came to use the springs. The first inn to accommodate them was built in 1766 by Thomas Bullitt. The most prominent modern resort, The Homestead, traces its origin to this inn.

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...