What should I do if I'm facing foreclosure?

If you are facing foreclosure in Virginia, there are several steps you can take to protect yourself. First, contact a foreclosure defense lawyer as soon as possible. A foreclosure defense lawyer will be able to advise you on the specific laws in your area and help you develop a plan to defend yourself in court. Second, create a budget and work to stay current on your payments. Many lenders will work with you to create an affordable repayment plan or delay the foreclosure process. Third, consider applying for a loan modification. Loan modifications can make your monthly payments more manageable and even reduce the amount of principal owed. Fourth, consider filing for bankruptcy protection. Filing for bankruptcy will pause the foreclosure process and give you time to get your financial affairs in order. Finally, be sure to file any documents your lender requests. Failing to do so could result in the foreclosure proceeding quickly. Remember, the earlier you act, the more likely it is that you’ll be able to defend yourself and protect your home. Contact a foreclosure defense lawyer as soon as you realize that you’re facing foreclosure to discuss the best course of action.

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What should I do if I'm facing foreclosure?

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