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Foreclosure Law Lawyers In Reedville Virginia

Reedville is an unincorporated town in Northumberland County in the Northern Neck region of the U.S. state of Virginia. It is located at the eastern terminus of U.S. Route 360 (the Northumberland Highway) east of Heathsville at the head of Cockrell's Creek on the western shore of the Chesapeake Bay. Reedville is home to the fishing industry for Atlantic menhaden, a small oily fish found in great abundance in Mid-Atlantic coastal waters. By some accounts, it is second only to Dutch Harbor, Alaska for the annual quantity of fish brought to port in the United States. A popular place to begin fishing charters and trips to Tangier Island in the Bay, Reedville is a destination itself, steeped in the history of the menhaden fishing industry, with its Millionaire's Row of Victorian-era mansions and several watercraft of the Fishermen's Museum each listed on the National Register of Historic Places.

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...