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UNDERSTANDING THE FORECLOSURE PROCESS - 01/29/09 08:40 AM
UNDERSTANDING THE FORECLOSURE PROCESS
Michael B. Hamar, P.C.
520 W. 21st Street, Suite J
Norfolk, Virginia 23517
(757) 622-2008
  
In the current housing market and sub-prime mortgage shakeout, the number of properties going into foreclosure is going to increase and will provide opportunities to those with available funds and strong credit to purchase real bargains at foreclosure sales.  To take advantage of this market opportunity, investors need to understand the mortgage process.  Under Virginia law, both in-court and out-of-court foreclosures are possible. Generally, out-of court, also known as non-judicial foreclosures are the most prevalent.  Typically, once initiated, a non-judicial foreclosure … (0 comments)

 

Michael Hamar

Norfolk, VA

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Michael B. Hamar, P.C.

Office Phone: (757) 622-2008

Cell Phone: (757) 717-6664

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Legal Issues Concerning Real Estate Investing in Virginia


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