Can Refinancing Stop Foreclosure?
If you default on your mortgage, the mortgage lender will foreclosure on your property. The bank will enforce its legal right, as a secured creditor, to repossess and sell the property. At foreclosure auction, the lender attempts to recover the money that is owed on the mortgage. Not only can you lose your home, but foreclosure […]
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 […]
Virginia Bankruptcy: Why File for Bankruptcy in Virginia?
Federal bankruptcy laws exist to protect those who are struggling with debt. Bankruptcy ensures a way out for people who are in over their heads financially. If you are having a hard time paying your bills and if you have a lot of debts, consider a Virginia bankruptcy filing. Why file for Virginia bankruptcy protection? […]