Virginia Statutes
§ 55.1-2425 — Resale in case of default
Virginia § 55.1-2425
This text of Virginia § 55.1-2425 (Resale in case of default) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 55.1-2425 (2026).
Text
If the purchaser does not pay the purchase money into the state treasury within a reasonable time, any deposit is forfeited, and the State Treasurer may rescind the contract and order a new sale.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Code 1919, § 508; Code 1950, § 55-187; 1990, c. 938; 2019, c. 712.
Nearby Sections
15
§ 55.1-1000
Definitions§ 55.1-1001
Limitation on applicability of chapter§ 55.1-1003
Persons who may act as a settlement agent§ 55.1-1004
Duties of settlement agents§ 55.1-1006
Choice of settlement agent§ 55.1-1007
Disclosure§ 55.1-1008
Conditions for providing escrow, closing, or settlement services and for maintaining escrow accounts§ 55.1-1009
Falsifying settlement statements prohibited§ 55.1-1009.1
Prohibition against payment or receipt of settlement services kickbacks, rebates, commissions, and other payments§ 55.1-1011
Record retention requirementsCite This Page — Counsel Stack
Bluebook (online)
Virginia § 55.1-2425, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/55.1/55.1-2425.