Legal Question in Personal Injury in Virginia
We are under a written contract with the property owner to purchase this property within 3 years, we paid a down payment and monthly mortgage. so far we have invested over 17,000 in 9 months. we just recived a certified letter the propertey has been forclosed on. what is our recourse both civil and criminal? Could this fall under an embezzlement statute?
1 Answer from Attorneys
Probably, neither (civil nor criminal) since if you were purchasing under what's
known as a contract for deed, ownership of this property would've remained with the seller until you had made the very last payment due under the contract, and
if a foreclosure action occurred in the meantime against the owner, that would
merely be an unfortunate intervening event with respect to your status in the matter.
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