Are there any laws that protect me from foreclosure?

In West Virginia, the state has laws to protect individuals from foreclosure. These laws are put in place to provide consumers with legal protection when facing foreclosure. The first type of law is the West Virginia’s Mortgage Modification Mediation Law. Under this law, lenders must attend a court-ordered mediation session if a borrower requests it. During a mediation session, the lender and borrower can enter into an agreement that includes the terms of a loan modification which can help to avoid foreclosure. The second type of law is West Virginia Foreclosure Prevention and Fair Foreclosure Act. This law protects borrowers from unfair practices by lenders during the foreclosure process. The law requires lenders to provide homeowners with a notice of intent to foreclose if they miss a payment. Lenders must also provide a statement of rights to the borrower, which includes information about the foreclosure process, credit counseling, and loan modification. Lastly, West Virginia also has a law called the Foreclosure Fraud Prevention Act. This law protects borrowers from fraudulent foreclosure practices. The law requires lenders to provide a written disclosure of all fees associated with foreclosure and prohibits lenders from engaging in deceptive tactics, such as threatening foreclosure without cause or intentionally providing false information to borrowers. By familiarizing yourself with West Virginia’s foreclosure laws, you can protect yourself from foreclosure and take advantage of legal protections available to you.

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Are there any laws that protect me from foreclosure?

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