What is a Pre-Foreclosure in Richmond?

With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Richmond anyway? Many homeowners across America and Richmond are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 months of mortgage payments, the lending institution will … Continued

Understanding the Foreclosure Process in VA

Understanding the foreclosure process in VA is an important part of navigating your own home foreclosure. Before we dive in… What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is no fun.  But just know that it’s not … Continued

Can I sell my Richmond house in foreclosure?

Do you have a Richmond VA house that’s in foreclosure right now? Many people going through the VA foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually you can … Continued