What do I need to do to stop a foreclosure proceeding?

If you are facing foreclosure, the first thing you need to do is contact your lender as soon as possible and explain your situation. This could help the lender develop a repayment plan that will allow you to keep your home. There are also several different government programs available to help homeowners in Virginia who are in financial difficulty. These programs include mortgage refinancing, loan modifications, hardship forbearance, and loan servicing that can help make payments more manageable. In addition, the Virginia Homeowner’s Bill of Rights may be an option. This law provides certain protections and procedures for those facing foreclosure in Virginia, including the right to attend a foreclosure mediation session. Through this process, a homeowner may be able to negotiate with the lender to reach an agreement that prevents the home from going into foreclosure. For those facing foreclosure, it is important to remember that you are not alone. There are many resources available to help you find a solution to your foreclosure problem. It is important to seek these resources as soon as possible so that you can avoid going through foreclosure. If you are unable to come to an agreement with your lender, you may also be able to file for bankruptcy in order to prevent a foreclosure proceeding.

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What do I need to do to stop a foreclosure proceeding?

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