Find a Foreclosure
Lawyer in West Virginia

Select your County to Be Connected
with a West Virginia Attorney

Do You Need A Foreclosure Lawyer In West Virginia?

One option you have as opposed to losing your home to foreclosure is to use a deed in lieu of foreclosure. What this means is that rather than having your home go through the foreclosure process, you can use the deed to your home to satisfy your unpaid debt. While most homeowners are willing to make other arrangements to avoid losing their home completely, sometimes the only option left is to either have it go through the entire foreclosure process or use the deed in lieu of foreclosure to avoid having the foreclosure placed on your record.

There are a few reasons why a deed in lieu of foreclosure can be advantageous to both you and your lender. Some reasons include:

As a property owner, you are released immediately from the debt owed and are able to avoid the normal proceedings that come along with the foreclosure process.
It can benefit a lender as it helps them avoid the expensive court proceedings if the foreclosure is done through a judicial sale, the lengthy foreclosure process and the repossessions they must go through to get their money back.

In the event your home is worth less than what you owe and you are looking to use a deed in lieu of foreclosure, your lender can still pursue you for the remaining amount of debt. Therefore, using a deed in lieu of foreclosure might not be the best circumstance for all homeowners who have defaulted on their mortgage payments.

To learn more about this and other ways to handle a defaulted mortgage situation, speak with one of our top of the line foreclosure attorneys in West Virginia today. They can address any concerns you might have and provide you with all your alternatives to foreclosure.

Does Your Home Have an Acceleration Clause?

Depending on the terms written in your mortgage agreement, there might be an acceleration clause that would allow a lender to pursue you for the entire defaulted amount once you miss a payment. This is recognized as an acceleration clause and you may want to read into your agreement with your lender to see whether or not it applies to you.

In many cases, lenders are ultimately looking to receive the payments that are due and they are willing to negotiate on the terms of how that gets paid back. But, you must keep in contact with them and don’t avoid their phone calls.

Although it can be nerve racking and uncomfortable to know that you might lose your home to foreclosure, there are ways around it and our West Virginia foreclosure attorneys can explain all of this and more to you. Simply give us a call and one of our agents will work with you to help you locate a nearby foreclosure attorney in your city who is available to provide you with their legal expertise. We offer this assistance free of charge and our featured lawyers will also provide you with a free, no-obligation consultation where you are given the opportunity to explain your matter.

There are many legalities that come along with the foreclosure process and we want to assure you are aware of what they all are.

Submit Your Case Evaluation
Click Here

Find Your Local Lawyer
Click Here

Real estate attorneys assist with timeshare ownership cancellation in Orlando Florida.

November 10, 2021/by nora

What will happen to a party that breaches a contract in Nashville?

October 9, 2021/by brian

What happens when important terms are missing from a contract in Tennessee?

September 29, 2021/by brian

What kinds of information are specific to real estate contracts in Tennessee?

September 21, 2021/by brian

What steps are required to get rid of a timeshare in Orlando?

August 30, 2021/by brian

View More Articles

West Virginia Cities

Finding a Lawyer Should Be Simple

When an accident or any form of injustice is suffered, obtaining an attorney quickly is critical to ensuring a positive outcome for your case – and that’s exactly what we’re here to help you with. USAttorneys.com is your one-stop-shop to find any kind of lawyer you might need to assist you with your legal matters. We’ve got you covered, whether you are seeking an accident attorney following a car crash, medical malpractice attorney after losing a loved one during surgery, or a tax attorney to fight back against the IRS.

Finding a Lawyer Should Be Simple

Free, Personalized Answers Find The Best Lawyer

Find a Foreclosure Lawyer in West Virginia

Do You Need A Foreclosure Lawyer In West Virginia?

Does Your Home Have an Acceleration Clause?

Watch out! Is your Florida condominium association coming after your property?

Judicial or non-judicial foreclosure action in Florida?

Foreclosure and the 120 days for “first notice or filing” in Florida.

Real estate attorneys assist with timeshare ownership cancellation in Orlando Florida.

What will happen to a party that breaches a contract in Nashville?

What happens when important terms are missing from a contract in Tennessee?

What kinds of information are specific to real estate contracts in Tennessee?

What steps are required to get rid of a timeshare in Orlando?

Free Answers

Find The Best Lawyer

CONNECT WITH US

Find a Foreclosure
Lawyer in West Virginia