Many West Virginia mortgages contain a power of sale clause which allows a lender to foreclose on a West Virginia property without court involvement if the borrower defaults on the loan secured by the property. An attorney must carry out the strict public notice and sale requirements for each foreclosure sale.
If the mortgage does not contain a power of sale clause then the lender must sue the borrower in court to obtain a judgment for foreclosure. Then, the property must be sold at a foreclosure sale after proper public notice has been served.
Speak to an Experienced Foreclosure and Alternatives Attorney Today
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified foreclosure and alternatives lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local foreclosure and alternatives attorney to discuss your specific legal situation.