Legal Question in Real Estate Law in Virginia

Filed a voluntary foreclosure, sold at auction at 20,000 and owe 60,000 and the finance company wants the difference. Is that legal in doing a voluntary foreclosure in the state of Virginia? How do I get these people to leave me alone if not?


Asked on 4/03/12, 4:26 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Yes, it's legal in the Commonwealth and this finance company may soon be

pursuing you for what's known as a DEFICIENY JUDGMENT and if they

succeed in getting such a judgment against you, bankruptcy may be your

only way out.

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Answered on 4/03/12, 7:02 pm


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