Commercial Foreclosure Checklist (VA) | Practical Law

Commercial Foreclosure Checklist (VA) | Practical Law

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Commercial Foreclosure Checklist (VA)

Practical Law Checklist w-017-8405 (Approx. 6 pages)

Commercial Foreclosure Checklist (VA)

by Benjamin P. Smith, Shulman, Rogers, Gandal, Pordy & Ecker, P.A., with Practical Law Real Estate
Law stated as of 27 Jul 2023Virginia
A Checklist outlining the primary considerations, requirements, and processes for conducting non-judicial and judicial foreclosures of commercial real property secured by deeds of trust and mortgages in Virginia. This Checklist outlines pre-foreclosure notice requirements for lenders and includes the appointment of receivers, deficiency judgments, and the borrower's right to reinstate the loan and the right of redemption.