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Foreclosure Law Lawyers In Lackey Virginia

Lackey (also known locally in its heyday as "the Reservation") was a small unincorporated community near Yorktown in York County, Virginia, United States. Lackey is now extinct. During World War I, the properties of many primarily African American landowners along the former Yorktown-Williamsburg Road were taken to create a military reservation now known as Naval Weapons Station Yorktown. Oral histories indicate that as many as 600 African-American families were displaced by the Navy, and many of these were said to own their land. Three churches also had to vacate the desired land. Assisted by self-educated farmer John Pack Roberts (born approximately 1860), many of the displaced residents of Lackey were able to obtain financial compensation for their property and many relocated to the community of Grove in nearby James City County. Others moved to Williamsburg, or Lee Hall. Many were unable to buy comparable areas with their compensation, and turned from farming to other trades. Another small community, also named Lackey, was later developed along the Yorktown Road a few miles away. However, the original Lackey is now considered one of the many lost towns of Virginia.

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...