What is the difference between a real estate dispute and a foreclosure?

The difference between a real estate dispute and a foreclosure in Virginia is related to the relief sought by the parties involved in the proceedings. A real estate dispute is a legal action brought by one party to resolve a disagreement over a real estate transaction or contract and can involve issues such as breach of contract, non-payment of rent or an easement dispute. The dispute can be settled through negotiations, mediation, or a lawsuit in court; the result can be a monetary award, an order to vacate the property, or some other resolution. A foreclosure is a legal process in which a lender initiates a lawsuit against a homeowner who has defaulted on a loan for their property. The lender is attempting to reclaim the property in order to recoup the remaining loan balance and other associated costs. The homeowner is required to pay back the amount they owe, or else the lender can proceed with a foreclosure sale, in which the property is sold in order to recoup the costs. The difference between a real estate dispute and a foreclosure is that in a foreclosure, the lender is seeking to reclaim the property in order to satisfy a debt and take possession of the property. In a real estate dispute, the parties are seeking to resolve a disagreement and may be seeking a monetary award or some other form of relief.

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What is the difference between a real estate dispute and a foreclosure?

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