Foreclosure is the process by which the lender takes control of the property which was pledged as collateral for the mortgage debt and sells the property to raise money to pay on the debt created by... more
What is a mortgage ?
A mortgage is a debt agreement that is made between a person who wants to borrow money and a lender. The major difference between mortgages and other sorts of debts is that the... more
SeeForeclosure Considerations: Sometimes, "Walking Away" is the best option.
Foreclosureis defined as follows:
To shut out; to bar; to terminate(Black's Law Dictionary).
It is a legal process by... more
This may seem like an unusual topic for a legal guide. "Don't you receive notice?" you might ask. "Doesn't the law require you to be served?'
Virginia is a non-judicial foreclosure state which means... more