A Deed of Trust is a deed of the property from you to a Trustee, who usually is a lawyer. In this 8step guide, we'll explain how to buy foreclosed homes in Virginia and help you decide if buying a foreclosed home is right for you.After you've found a foreclosed home, put in a lowball offer and prepare to negotiate. Required notice of foreclosure or repossession of manufactured home. If a foreclosure sale results in excess proceeds, the lender can't keep that money. Find out how to claim surplus funds from a foreclosure. If you don't make your car payments on time, your lender might have the right to take your car without going to court or telling you first. Use this repossession guide to protect your property. Have you borrowed money to buy property (like a car)? Virginia law requires lenders to give a minimum 15day notice to borrowers whose vehicles will be sold.
