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The harsh reality of foreclosure, where a gavel striking a small model house represents the legal process of repossessing a home due to the homeowner's inability to meet mortgage obligations.

“Short Sale vs. Foreclosure: What’s The Difference in Virginia”

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The primary difference between short sale vs foreclosure in Virginia lies in how the property is handled. In a foreclosure, the lender repossesses the property and sells it to recover losses, or a third party purchases it at a foreclosure sale. In contrast, a short sale vs foreclosure scenario in Virginia involves a negotiation between … Continued
This image depicts a "Foreclosure Home For Sale" sign in front of a residential property. It highlights the unfortunate reality of foreclosure, where homes are sold due to missed mortgage payments. The scene underscores the significance of being informed about the foreclosure process to navigate such situations effectively.

Understanding the Foreclosure Process in Virginia

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Under Virginia law, homeowners who fall behind on mortgage payments usually receive just one official notice before foreclosure—a notice of sale. Thankfully, federal law typically requires the bank to wait 120 days after a missed payment before initiating the foreclosure process. Additionally, federal law generally mandates that the bank contact you before starting the foreclosure … Continued
The image shows a middle-aged man sitting at a table, intently looking at a foreclosure notice marked "Past Due." His expression conveys deep concern and anxiety as he contemplates the serious consequences of potentially losing his home. The setting is a typical living room, with a laptop and documents spread out in front of him, highlighting the urgent and personal nature of the situation.

Foreclosure Effects In Virginia – What Sellers Need To Know

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Foreclosure is a nightmare for any Virginia family, leading to severe effects such as losing your home, damaged credit, and potential lingering debt. Today, we’ll explore the foreclosure effects in Virginia and what local sellers need to know, including ways to mitigate these impacts. Table Of Contents When Can Foreclosure Start in Virginia? Under federal … Continued

How to Make Sure Your Contractor is Insured in Virginia

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You’ve wanted to renovate your cramped, outdated kitchen for ages. Or perhaps you are deciding between staying in your home after major damages or selling and walking away from some potential pricey repairs. Like many, asking around among friends and co-workers may initially help find and hire a contractor, but making sure your contractor is … Continued

6 Smart Tips to Help You Sell a Damaged Home in Virginia

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A damaged home in Virginia can be a nightmare to sell. Most buyers are not interested when there is visible damage on a listing, preferring homes ready for immediate occupancy. However, if they have the time, inclination, and finances to take on a project, some buyers may take a chance and toss an insultingly low … Continued

Homeowners Insurance 101: A Guide for Homebuyers in Virginia

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Homeowners insurance. You know you should probably have it, and if you have a mortgage, you’re required to have it. But how much do you know about it beyond that – what it covers (and does not cover), the types of policies, how much coverage you need? What happens in case of minor damage from … Continued

Tax consequences when selling a house I inherited in Virginia

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For many, inheriting a home can be a walking paradox to experience: overnight, you are left with property of sizable value you can use to improve your life while still also processing and mourning the loss of a loved one. For those who are pondering the next best move to make in this situation, understanding … Continued

How To Avoid Probate Court In Virginia

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Dealing with probate can be a long and frustrating process. In our latest post, learn how to avoid probate court in Virginia! Nobody wants to have to go through the probate process, especially if they plan to sell the inherited property once their loved ones have passed. By planning ahead, people are able to avoid … Continued

5 Things to do Immediately After Inheriting a House in Virginia

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Dealing with the loss of a beloved family member or very close friend is a stressful time that can become even more complicated by suddenly finding yourself immersed in dealing with an inheritance. It may be challenging to focus, so we have outlined five things to do immediately after inheriting a house in Virginia Lines … Continued

How To Price Your Inherited Home In Virginia For Sale

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If you’ve inherited a property and you’re planning to sell it, make sure you read this blog post for 3 tips about how to price your inherited home in Virginia for sale… Did you inherit a property that you’re now thinking about selling? While an inherited property can be a wonderful gift from a loved … Continued

How to Sell An Inherited House in Virginia With Many Heirs Involved

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Despite what at times can be an overwhelming life experience, selling an inherited house in Virginia with multiple heirs involved doesn’t have to be as complicated as it seems. For most heirs, selling a close family member’s real estate after death is challenging and emotional due to losing that close relationship in addition to the … Continued