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To obtain a lien on real property in the state of Virginia, the judgment creditor must "docket" the lien in the public records office of the city or county where that property is physically located. Once the lien is docketed, the creditor files a "creditor's bill in equity" in that jurisdiction, which will require the chancellor to appoint a ...
This category contains articles regarding case law decided by the courts of Virginia. Pages in category "Virginia state case law" The following 17 pages are in this category, out of 17 total.
A deed in lieu is generally a last resort by a homeowner to avoid foreclosure. ... In this case, though, the agreement is for the home to be sold for less than the balance due on the mortgage.
A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender.
Maybe you don’t know what a deed in lieu of foreclosure or a short sale are. Simply handing over the keys to your house to the lender may or may not work. Deeds In Lieu Of Foreclosure: What You ...
Key takeaways. A deed of reconveyance, also known as a satisfaction of mortgage, is a document that proves you've paid off your mortgage. The deed of reconveyance releases the lien the mortgage ...
A 1971 Virginia Court System Study Commission stated the need for a unified court system to handle appeals. [1] The Court of Appeals of Virginia was established on January 1, 1985, as an intermediate court of limited appellate jurisdiction, initially with ten judges, with an eleventh judge added in 2000.
Fifteen of the 98 cases coming through Virginia courtrooms involve Petersburg, according to data from the attorney general's office