Virginia Foreclosure LawFacts: Judicial Foreclosure Available: Yes Non-Judicial Foreclosure Available: Yes Primary Security Instruments: Deed of Trust or Mortgage Timeline: Approximately 60 days Right of Redemption: Varies Deficiency Judgments Allowed: Yes Quick Summary: In Virginia, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process. The foreclosure timeline in Virginia is typically 60 days from the time you miss your first payment until a Notice of Default or Notice of Sale is issued to your actual foreclosure date and sale.
Virginia homeowners have the right of redemption and are allowed deficiency judgments in judicial foreclosures only. New Information on Virginia Foreclosure Laws and regulations: An act to amends the Mortgage Lender and Broker Act, and lists prohibited practices.To view VA AB 1776 click here For more information on Virginia Foreclosure laws and regulations visit http://www.ncsl.org/public/leglinks.cfm and click on your state. Or Contact: Virginia's Attorney General's Office How Can SaveMeFromForeclosure.com Help Stop Foreclosure on My Home? We can help you either Keep or Sell Your Home to Avoid Foreclosure. Fill out our quick questionnaire and your local SaveMeFromForeclosure.com representative will contact you about how we can help you stop foreclosure today. Want to talk to someone now? Contact us at 1-888-I-Save-80 (1-888-472-8380). |