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 […]
Learn more »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 […]
Learn more »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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