Virginia Home Loan Modification – Modify Your Mortgage in Virginia

Free Loan Modification Consultation

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Virginia, similar to other states in the United States, is experiencing a rise in the number of foreclosed homes that remain unsold for months. This started to happen when the banks made it easy for anyone to get a mortgage without verifying if the person has the ability to pay. Because of this, the people started to default their loans, because they found it hard to pay the monthly rates anymore. When they failed to pay, they also lost the possession of their house.

The bank seized their homes and belongings in order to recover the money that they invested in the mortgage. Yet, the number of foreclosed properties was so high that it overwhelmed the real estate market. During recession, people are not too keen on buying foreclosed properties that is why banks are having such a hard time in selling these homes. People with loans, on the other hand, chose to default when they are faced with a difficult situation, and after some time, apply for another mortgage once again. Because of this messy situation, the government devised a new plan to solve the problem because it both affects the mortgagor and the mortgagee. The loan modification law was approved on February 18, 2009.

For you to be able to apply for a loan modification, you must show proof that you are indeed experiencing a financial difficulty. Documents such as bills, pay checks, or receipts of your expenses everyday can be used as evidence. Show this to your bank or lender so that they would offer a modification of your loan with lower rates which you can now afford. Keep in mind that before applying, you should be aware of the rules and feed yourself a lot of information regarding the process because the banks will always work in their advantage. If you think that you need help and you cannot handle all the negotiations alone, it is advisable that you hire an experienced lawyer to help you. You can search for different law firms on the internet, or you can ask around for recommendations.

Of course, you wouldn’t want to be handled by someone with no experience in the field. The lawyer will represent you in the meetings with the bank representatives so he should be able to negotiate well. Furthermore, you should not trust companies offering paid counseling sessions or programs.

The loan modification program has improved the situation of the banking and real estate system in Virginia. The state was formerly one of those with a high foreclosure rate, but now, more than 100,000 homes were saved since the implementation of the new program.

Virginia Mortgage Companies

MetLife Home
(757) 651-0581
1305 Executive Blvd. Ste. 100
Chesapeake, VA

U&OB Notary Services
804.519.3657
5561 S. Laburnum Ave
Henrico, VA

Prosperity Mortgage a division of Wells Fargo
757-228-3668
4701 Columbus Street
Virginia Beach, VA

Bank of America Mortgage
703-813-5166
7619 Little River Turnpike
Annandale, VA

Dynamic Capital Mortgage
540-548-1591
1809 William St
Fredricksburg, VA

Credit Dispute Pro of VA
434-239-4968
22634 Timberlake rdsuite c
Lynchburg, VA

Pineapple Lending Corp
703-547-1451
1801 Reston Parkway
Reston, VA

NATIONSFIRST MORTGAGE OF VIRGINIA, LLC
757-490-3940
3145 VIRGINIA BEACH BLVD. STE. 210
VIRGINIA BEACH, VA

Cash For Your Notes Today
1888 292 1803
PO BOX 7437
Woodbridge, VA

American Nationwide Mortgage
540-437-0505
70 East Mosby Road
Harrisonburg, VA

Virginia Legal Services

Legal Aid Justice Center

Assistance: Foreclosure and foreclosure rescue scams
Location: Charlottesville, Falls Church, Petersburg, and Richmond
Website: www.justice4all.org
Phone: 800-763-7323 (clients only); Charlottesville 434-977-0553; Falls Church 703-778-3450; Petersburg 804-862-2205; and Richmond 804-643-1086.
Services: Providing free legal representation to low-income individuals on issues including foreclosure and victims of foreclosure rescue scams.

Central Virginia
Central Virginia Legal Aid Society (CVLAS)

Assistance: Foreclosure and foreclosure rescue scams
Location: Richmond, Petersburg, and Charlottesville
Website: www.cvlas.org
Phone: 800-868-1012
Services: CVLAS provides free legal assistance to low-income residents of Central Virginia on issues including foreclosure and foreclosure rescue scams.

Rappahannock Legal Services/Potomac Legal Aid Society (RLS)

Assistance: Foreclosure
Location: Fredericksburg, Tappahannock, and Culpeper
Website: www.rapplegal.com
Phone: 540-374-9101
Services: RLS (in conjunction with Potomac Legal Aid Society), provides legal assistance to low-income residents of the Rappahannock River Valley facing foreclosure.

Eastern/Tidewater Virginia
Legal Aid Society of Eastern Virginia

Assistance: Foreclosure and foreclosure rescue scams
Location: Norfolk, Belle Haven, Hampton, Virginia Beach, and Williamsburg
Website: www.laseva.org
Phone: 888-868-1072
Services: LASEVA provides free legal services to low-income residents of Eastern Virginia facing foreclosure.

Northern Virginia
Legal Services of Northern Virginia

Assistance: Foreclosure and foreclosure rescue scams
Location: Falls Church, Arlington, Fairfax, Alexandria, Manassas, and Leesburg
Website: www.lsnv.org
Phone: 703-368-5711
Services: LSNV’s Foreclosure Legal Assistance Program provides legal advice and housing counseling to low-income residents of Northern Virginia facing foreclosure.

Southern Virginia
Virginia Legal Aid Society

Assistance: Foreclosure
Location: Danville, Emporia, Farmville, Lynchburg, and Suffolk
Website: www.vlas.org
Phone: 866-534-5243
Services: VLAS provides free legal information, advice, and representation in civil cases to low-income residents in Central, Southside, and Western Tidewater Virginia. Through the Housing Improvement and Preservation project, VLAS attorneys provide advice and representation in foreclosures.

Western/Southwestern Virginia
Blue Ridge Legal Services

Assistance: Foreclosure
Location: Winchester, Harrisonburg, Lexington, and Roanoke
Website: www.brls.org
Phone: 866-534-5243
Services: BRLS provides free legal assistance to low-income residents of the Shenandoah Valley and Roanoke Valley facing foreclosure.

Legal Aid Society of Roanoke Valley

Assistance: Foreclosure
Location: Roanoke
Website: www.lasrv.org
Phone: 540-344-2088
Services: LASRV provides free legal services to low-income residents of the Roanoke Valley facing foreclosure.

Southwest Virginia Legal Aid Society

Assistance: Foreclosure
Location: Castlewood, Christiansburg, and Marion
Website: www.svlas.org
Phone: 888-201-2772
Services: SVLAS has attorneys and housing counselors on staff to provide assistance to low-income residents of Southwest Virginia facing foreclosure.

Avoid Mortgage Scams Virginia

Attention homeowners: If you think you have been a victim of a scam, or approached by a scammer, report it to the Loan Modification Scam Prevention Network now! Your complaint could provide vital information that will help put loan modification scammers out of business.

Call 1-888-995- (With your permission, the complaint will automatically be shared with federal, state and local law enforcement)