Virginia Foreclosures - 14,642 Foreclosure Listings

Foreclosure Homes in Virginia

There are currently foreclosed homes listed in Virginia. Why should you consider buying a foreclosure property in Virginia? To save money, of course! That’s right, purchasing a foreclosed home can save you as much as 50 percent or more on the final sale price of a distressed deal in Virginia when compared to a traditional single-family house. We’ve also got awesome deals on top of incredible foreclosure deals, from rent-to-own homes, short sales and preforeclosures in Virginia, as well as bankruptcy filings and government-owned foreclosure listings such as HUD, Fannie Mae and Freddie Mac, among others. Just select the county in Virginia that you want to look for a property below. Then search through all distressed real estate listings in Virginia for the amazing deal that’s right for you.

Virginia Foreclosure Laws

Virginia mostly uses a nonjudicial foreclosure process carried out by a trustee. Many home loans are secured by deeds of trust that include a power-of-sale clause. Because court involvement is limited, the process can move quickly once notices are given. Deficiency judgments may be allowed if the sale does not cover the full balance owed.

Foreclosure Type Process

Non-Judicial
Mortgage Instrument Security Type

Deed of Trust (primary). Mortgages exist but are uncommon.
Typical Timeline Duration

2-3 months typical
Deficiency Judgment

Deficiency judgments permitted
Redemption Period Owner Rights

No post-sale redemption.
Process Summary

Virginia primarily uses nonjudicial foreclosure. Trustees conduct the sale under a deed of trust with notice requirements.
Notice / Timing Statute

Virginia Code § 55.1-320 et seq. (deed of trust foreclosure)
Redemption Statute(s)

Virginia Code § 55.1-321 (no statutory post-sale redemption)
Deficiency Statute(s)

Virginia Code § 55.1-337 (deficiency allowed after foreclosure)

How to Buy a Foreclosure in Virginia

In Virginia, locate foreclosure properties via public trustee listings, MLS, and county records. Virginia' non-judicial foreclosure system requires notice compliance. Arrange your financing early. Conduct a title search and inspect property where possible. Participate in the foreclosure sale and complete title transfer.

What type of foreclosure is used in Virginia?

The type of foreclosure in Virginia is Non-Judicial

Is there a redemption period in Virginia?

No post-sale redemption.

Are deficiency judgments allowed in Virginia?

Deficiency judgments permitted in Virginia

How do you buy a foreclosure in Virginia?

In Virginia, locate foreclosure properties via public trustee listings, MLS, and county records.