Attorneys

Virginia Foreclosure FAQs

• Q: Does Virginia Law Allow for a Redemption Period After a Foreclosure?
  A: A post foreclosure redemption period is rare in Virginia. There is no right of redemption for non judicial foreclosures. Typically, a right of redemption is … More
• Q: Where and When do Foreclosure Sales Take Place in Virginia?
  A: Typically, a Virginia foreclosure sale occurs between the hours of 9 am and 5 pm at the local courthouse. The Notice of Sale provides the public with advance … More
• Q: What Public Notice Requirements are There for a Real Estate Foreclosure in Virginia?
  A: All property foreclosures in Virginia must be publicized with a Notice of Sale that is published for at least three days. Additional public notice requirements … More
• Q: Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in Virginia?
  A: Yes, Virginia law allows a lender to sue a borrower for any loan amounts not completely satisfied after a foreclosure sale. More
• Q: How Can a Lender Foreclose on a Property in Virginia?
  A: Most mortgages on Virginia properties contain a power of sale clause which authorizes an attorney to foreclose on the property if the borrower is in default on the … More
• Q: How Long Does the Typical Foreclosure Process Take in Virginia?
  A: A property can be foreclosed in Virginia in as little as 60 days if it foreclosed through the non judicial foreclosure process and the borrower does not contest or … More
• Q: Can I Keep My Home If I File Bankruptcy in Virginia?
  A: Virginia has a relatively small homestead exemption provision. A Virginia homeowner is only entitled to protect $5,000 (plus $500 for every dependent) from … More

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