Parker, Pollard, Wilton, and Peaden - Attorneys at Law

Author Archive for Trevor B. Reid

New legislation significantly alters foreclosure requirements

Virginia Senate Bill 1327, signed into law on March 12, 2021, introduces significant changes in Virginia foreclosure practice.  Most significantly, effective October 1, 2021, a lender will be required to give 60 days’ notice to the property owner and any subordinate lienholders–rather than the 14 days provided by current law–if the property is the owner’s […]

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New laws change the landscape for “heirs property” in Virginia

In Virginia, any co-owner of real property (excluding spouses who own property as tenants by the entirety) has the right to file a suit for partition—a specialized lawsuit in which the circuit court determines who the owners are, and divides the property among them.  To take a simple case, consider a twelve-acre parcel of unimproved […]

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Who is the Trustee in the Deed of Trust?

Most of us do not have enough cash reserves to purchase our home without the assistance of a lender such as a bank or a credit union. If you own real property in Virginia that you purchased by borrowing funds from a lender, then you have most likely signed a document called a deed of […]

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