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Foreclosure Law Lawyers In Providence Forge Virginia

Providence Forge is an unincorporated community in New Kent County, Virginia, United States. It was one of the earliest settlements in the county (itself formed by 1654) and the site of a colonial iron forge that was destroyed by British General Banastre Tarleton during the American Revolutionary War. Nearby, the Chickahominy River separates New Kent from Charles City County. U.S. Route 60 and State Route 155 pass through Providence Forge. The Colonial Downs horse-racing facility is located nearby adjacent to the Providence Forge exit of Interstate 64. A station on the Chesapeake and Ohio Railway (C&O) was located at Providence Forge in 1881 during construction of the railroad's new Peninsula Subdivision, which was built primarily to facilitate transportation of West Virginia bituminous coal to the newly created city of Newport News. There, on the harbor of Hampton Roads, coal piers were built to load colliers for worldwide export shipment. . The C&O's Peninsula Extension was good news for the farmers and merchants of the Virginia Peninsula, and they generally welcomed the railroad. Providence Forge was a stop for passengers until about 1931 and for freight until at least the late 1960s, according to the Chesapeake & Ohio Historical Society. The structure was dismantled sometime in 2006. The only similar structure, at Lee Hall, has been preserved and efforts were underway in 2008 to relocate it slightly away from the right-of-way and open it as a museum.

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...