Foreclosure in 20105>Question Details

Dkny, Home Seller in 20105

What are the statue of limitations for banks to file a Deficiency judgement in the state of Virginia after the foreclosure sale?

Asked by Dkny, 20105 Tue Dec 1, 2009

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2
Tish Thompson’s answer
I believe the minimum is 10 years but can go up to 20 years, but don't quote me on that. This information can be found in the paperwork provided to you at the time you took out your mortgage...it will tell you how the lender will handle default. It probably won't be easy to find, so you may be better off speaking with a real estate attorney. I'd be happy to make a recommendations if that's what you need.
1 vote Thank Flag Link Tue Dec 1, 2009
Tish
Thank you for your response. Yes, I would like referrals regarding good real estate lawyers.
0 votes Thank Flag Link Tue Dec 1, 2009
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