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How Do I Stop Foreclosure?

How Do I Stop Foreclosure - Richmond, Henrico, Chesterfield, Virginia Beach, Newport News, Chesapeake

There are several ways to halt a foreclosure in Virginia.  The best way is, of course, by agreement with the lender who agrees to modify the loan or provide more time to bring the payments current.  Generally, agreements such as this are reached before the property goes into foreclosure.  Once the property is in foreclosure, even if the lender is telling you that they are processing your loan modification, the likelihood of a successful modification is extremely low.  Additionally, many unfortunate homeowners have lost their homes by waiting until the clock ran out only to have the lender tell them the day prior to the sale that the modification has been denied.  Do not wait.  Once you have received notice that the loan is in foreclosure contact Merna Law immediately.

A sure fire way of halting a foreclosure sale is also to file a bankruptcy, whether it is a Chapter 7 or a Chapter 13.  A Chapter 13 bankruptcy can help you stop the sale, reorganize the amount you are behind and set up a payment plan to catch the property up.  It will also help restructure your other debt to improve your cash flow.  You may also be able to successfully apply for a modification once again during the Chapter 13 process.  Despite a lot of misinformation, bankruptcy will often help individuals credit score dramatically.

We provide more information for our clients going through foreclosure in our “Foreclosure Portal”.

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REQUIRED BAR NOTICE: THESE TESTIMONIALS DO NOT GUARANTEE SIMILAR RESULTS.

 The Merna Law Group, Attorneys At Law, P.C. …debt free!5 Stars! “A friendly staff and outstanding attorney who helped me through a difficult time in my life. Thanks to everyone at the Merna Law Group who helped me move on to and new chapter in my life debt free!” Reviewed by M.F. of Norfolk on Mar 8 . 
 The Merna Law Group, Attorneys At Law, P.C. …kind and friendly from the start!5 Stars! “Everyone there was kind and friendly from the start and helped us with everything in a timely manner. They were never rude no matter how much we called or asked questions.” Reviewed by B.P. of Virginia Beach on Feb 20 . 
 The Merna Law Group, Attorneys At Law, P.C. …very helpful and friendly!5 Stars! “Everyone at the office was very helpful and friendly. The attorney answered all of our questions and helped us through the entire process. He was also very helpful answering concerns that we had after the process was completed/over. Highly recommended!” Reviewed by M.E. of Virginia Beach on Mar 11 . 
 The Merna Law Group, Attorneys At Law, P.C. Didn’t have to worry about anything!5 Stars! “Just keep providing the type of service you do. You business values are based off reliability and service. Today’s Law Offices just don’t offer that kind of experience. Didn’t have to worry about anything!!! Just being able to go on with my normal life and know that all my issues are well taken care of is a relief in itself.” Reviewed by A.P. of Virginia Beach on Mar 4 . 
 The Merna Law Group, Attorneys At Law, P.C. …overall experience was outstanding!5 Stars! “My husband and I were very happy with The Merna Law Firm. They are well organized, time manageable, and friendly. I was even able to bring my children with me if I needed to. In court, they stayed right there beside us and answered all questions we had. Our overall experience was outstanding and I am glad we were represented by the Merna Law Group.” Reviewed by A.M. of Suffolk on Mar 5 .