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Foreclosure Law Lawyers In Lexington Virginia

Lexington is an independent city within the confines of Rockbridge County in the Commonwealth of Virginia. The population was 6,867 at the 2000 census. Lexington is about 55 minutes east of the West Virginia border and is about 50 miles north of Roanoke, Virginia. It was first settled in 1777. It is home to the Washington and Lee University (W&L) and Virginia Military Institute (VMI). It is the county seat of Rockbridge County. The Bureau of Economic Analysis combines the city of Lexington (along with nearby Buena Vista) with Rockbridge County for statistical purposes. Union General David Hunter led a raid on Virginia Military Institute during the American Civil War. Robert E. Lee and Stonewall Jackson are buried here. So too was Commander Matthew Fontaine Maury until he was removed to Richmond, Virginia the following spring. It is also the site of the only house Jackson ever owned, now open to the public as a museum. Sam Houston, 19th century statesman, politician and soldier, and, as of 2008, the only person in U.S. history to have been the governor of two different states — Tennessee and Texas — was born near here. At the Sam Houston Wayside is a 38,000 pound piece of Texas pink granite commemorating Houston's birthplace.

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...