Foreclosure Defense Lawyers in Richmond

No matter where you live, foreclosure is a fast process. A payment is considered delinquent just one day after its due date, and lenders can take action soon after. In Virginia, lenders can sell your home with or without judicial oversight. This means that, depending on if your mortgage includes a power of sale clause, a lender may or may not have to file a lawsuit with the court to foreclose on your property. In either case, at the end of the foreclosure process, you will be evicted from your home. The entire process can take as little as 60 to 90 days.

If you are facing foreclosure in Richmond, you have several options. The very first thing you should do is consult our attorney at Flores Law PLLC. You have a small window of time to defend your home, and we can put our knowledge to use in developing a legal strategy that best protects your property.

Don’t face this process alone, and don’t wait to seek help. For a free initial phone consultation, call (804) 315-0810 or contact us online. We offer legal services in English and Spanish to help you in the language you are most comfortable with.

Foreclosure Defense Options in Virginia

Depending on the type of foreclosure your lender uses (judicial vs. non-judicial) and where you are in the process, you may have several options at your disposal.

Your lawyer may be able to help you:

• Request a loan modification. If you submit this request in time, your lender may need to pause the foreclosure proceeding until they review your information. They could then extend the terms, reduce the interest rate, eliminate late fees, implement forbearance, or otherwise modify your mortgage to help you avoid foreclosure.
• Challenge the foreclosure. If your lender failed to follow proper foreclosure protocol, missed the statute of limitations, or made a serious mistake regarding your account, we may be able to expose these issues and delay or cancel the foreclosure proceeding. The foreclosure might also be invalid if the lender lacks standing, meaning they cannot prove they own the loan.
• Take advantage of the Servicemembers Civil Relief Act. If you get a mortgage before or after going on active duty, you have special protections against foreclosure. Specifically, the foreclosure must be heard in a court of law, and you may be able to delay the process.
• File for Chapter 13 bankruptcy. Chapter 13 bankruptcy allows you to propose a 3 to 5-year repayment plan based on your disposable income. Because of the automatic stay, your lender cannot initiate or continue the foreclosure process until the end of your case. If you catch up on arrears by the end of the plan, you can effectively rescue your home.

The most appropriate course of action depends on your unique circumstances. This is why we take as much time as necessary to understand each client’s situation before recommending a solution.

Local Resources and Support for Foreclosure Defense in Richmond

Living in Richmond, you are part of a vibrant community with access to various local resources to assist you during challenging times. If you are facing foreclosure, it's essential to know that you are not alone and that there are local government entities and organizations that can provide support and guidance.

The City of Richmond offers several housing assistance programs that may help you navigate through financial difficulties. The Virginia Department of Housing and Community Development also provides resources and information on foreclosure prevention and housing stability.

One of the significant pain points for Richmond residents facing foreclosure is the rapid pace at which the process can unfold. The urgency to act cannot be overstated with the possibility of losing your home in as little as 60 to 90 days. This is where our team at Flores Law PLLC steps in. We understand the local housing market, the specific challenges Richmond homeowners face, and Virginia's legal landscape.

Another common concern is the complexity of the foreclosure process, especially when dealing with judicial versus non-judicial foreclosures. Richmond residents often find it overwhelming to navigate these legal waters alone. Our attorneys are well versed in both types of foreclosures and can help you understand your rights and options, whether you're requesting a loan modification, challenging the foreclosure, or exploring bankruptcy options.

We also recognize the importance of community and local support. By working closely with local housing counselors and leveraging resources from entities like the Richmond Redevelopment and Housing Authority, we aim to provide a comprehensive support system for our clients. Our goal is to offer legal assistance and a network of support to help you through this difficult time.

At Flores Law PLLC, we are committed to providing personalized and compassionate legal services to the Richmond community. We know the stakes are high and are here to help you protect your home and future.