What kind of help can I get to prevent foreclosure?

In Virginia, foreclosure defense law is available to help homeowners prevent foreclosure. There are a number of options that can be explored to try and avoid foreclosure. The first step is to contact a housing counseling agency or an attorney who can review your financial situation and provide advice on the best way to avoid foreclosure. A housing counselor may be able to help you negotiate with your lender to modify your loan. This could mean lower payments and more time to pay off the loan. You can also explore other options such as refinancing the loan, asking for a forbearance period, or enrolling in a loan modification program. If the foreclosure is imminent, a bankruptcy filing can provide some protection. Bankruptcy can delay the foreclosure process and allow you more time to make arrangements. Another option to explore is taking a loan from a family member or friend. This option can provide additional funds to avoid the foreclosure. Lastly, a Virginia resident might be eligible for assistance from the Virginia Foreclosure Relief Fund. This fund provides grant money for those facing foreclosure. The grant money can be used for legal fees, housing counseling, and other expenses to help you avoid foreclosure. Ultimately, the goal is to negotiate with the lender to avoid the foreclosure process. With the assistance of a housing counselor or an attorney, you can find the best options available to you to prevent foreclosure.

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