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Foreclosure Law Lawyers In Martinsville Virginia

Martinsville is an independent city surrounded by the county seat of Henry County, Virginia, United States. The population was 15,416 at the 2000 census. The Bureau of Economic Analysis combines the city of Martinsville with Henry County for statistical purposes. The paper clip-shaped Martinsville Speedway, the shortest track in NASCAR stock car racing [0.526 miles (0.847 km)] and also one of the first paved "speedways", being built in 1947, is located just outside the city in the town of Ridgeway. Martinsville is the principal city of the Martinsville Micropolitan Statistical Area, a micropolitan area that covers Henry County and the city of Martinsville. The micropolitan area had a combined population of 73,346 as of the 2000 census.

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...