Short Sale vs. Foreclosure in Virginia
If you can’t pay your mortgage and take no action, chances are good that you are going to lose your home. Default on a mortgage invariably leads to foreclosure in Virginia. However, foreclosure is usually the very worst possible alternative. Whenever possible, it is far better to consider other options, including arranging a short sale. […]
What is a Foreclosure in Virginia Like?
Mortgage lenders use the legal process of foreclosure to recover the unpaid balance of a mortgage by selling real property. Foreclosure can severely damage a homeowner’s credit. And foreclosure can be devastating to a family that loses their home. Foreclosures can be originated by mortgage lenders, homeowners associations, or judgment creditors when the homeowner is […]