Gaithersburg is a city in Montgomery County, Maryland, United States. As of 2008, the city had an estimated total population of 58,744, making it the fourth largest city in the state behind Baltimore, Rockville, and Frederick. Gaithersburg is located at 39°8' North, 77°13' West, to the northwest of Washington, D.C. , and is considered a suburb and a primary city within the Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Statistical Area. Gaithersburg was incorporated in 1878. Gaithersburg is urbanistically diverse, encompassing a historic Old Town, which serves as its town center/downtown, multiple new urban communities, high-rise apartments, and many suburban subdivisions. The National Institute of Standards and Technology (NIST) is headquartered in Gaithersburg. Other major employers in the city include IBM, Lockheed Martin Information Systems and Global Services business area headquarters, MedImmune (recently purchased by AstraZeneca), and Sodexo. The city is also the location of the 220th Military Police Brigade of the United States Army Reserve.

Foreclosure Law Lawyers In Gaithersburg Maryland

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What is foreclosure law?

Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.

Answers to foreclosure law issues in Maryland

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...

This varies from state to state and lender to lender, but most lenders don't start foreclosure proceedings until you...

When facing foreclosure it is important that homeowners understand all of the options available to help prevent...