Reidsville is a city located in Rockingham County, North Carolina. As of the 2000 census, the city had a total population of 14,485. Originally established in the early 19th century as an outpost and stop on the stage line that ran between Salisbury, NC and Danville, VA called Wrights Crossroads, the Reidsville community grew from a single home and Inn owned by the family of Reuben Reid (a local farmer, businessman, and justice of the peace who was the father of David S. Reid) into a thriving farming community primarily supporting tobacco production and cigarette manufacturing. Reidsville was officially incorporated by the North Carolina State Legislature in 1873 and became a key location of the American Tobacco Company which employed large numbers of city and county residents. The American Tobacco Company was the mainstay of Reidsville economics until its sale and closure in 1994. Many textile mills were established in Reidsville as well, with Cone Mills and Burlington Industries consolidating most of them in the mid-twentieth century, though most have now closed. Although Reidsville has experienced economic recession in recent years the community has enjoyed a renewal of growth as a sleeper city supplying a source of rural development for the surrounding larger cities.

Foreclosure Law Lawyers In Reidsville North Carolina

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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 North Carolina

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...