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Foreclosure Law Lawyers In Waynesboro Virginia

Waynesboro, deriving its name from General Anthony Wayne, is an independent city located within the confines of Augusta County in the U.S. state of Virginia. The population was 19,520 at the 2000 census, and estimated at 21,454 for 2006. It is located in the Shenandoah Valley, near many important historical markers of the Civil War and Shenandoah National Park. A portion of Interstate 64 falls within the city limits of Waynesboro, and the Blue Ridge Parkway, Skyline Drive, and the Appalachian Trail are less than five miles away. The town is perhaps best known for being the home of P. Buckley Moss and the P. Buckley Moss Museum, which attracts 45,000 visitors annually. A large DuPont plant and the associated Benger Laboratory where Lycra was invented, as well as a large textile mill called Wayn-Tex (now owned by Mohawk Industries), were significant employers for residents through much of the 20th century. Waynesboro is home to the corporate headquarters of Ntelos. Tourism, industrial production, and retail remain vital to the Waynesboro economy. The Generals of the Valley Baseball League play there. Waynesboro is a principal city of the Staunton-Waynesboro micropolitan area, which includes all of Augusta County and the independent cities of Staunton and Waynesboro.

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...