Virginia § 8.01-494 Resale of property if purchaser fails to comply; remedy against such purchaser

Virginia Statutes

§ 8.01-494 — Resale of property if purchaser fails to comply; remedy against such purchaser

Virginia § 8.01-494

Title 8.01Civil Remedies and Procedure

Ch. 18EXECUTIONS AND OTHER MEANS OF RECOVERY

Art. 4ENFORCEMENT GENERALLY

This text of Virginia § 8.01-494 (Resale of property if purchaser fails to comply; remedy against such purchaser) 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. § 8.01-494 (2026).

Text

If, at any sale by an officer, the purchaser does not comply with the terms of sale, the officer may sell the property, either forthwith or under a new advertisement, or return that the property was not sold for want of bidders. If, on a resale, the property be sold for less than it sold for before, the first purchaser shall be liable for the difference to the creditor, so far as is required to satisfy him, and to the debtor for the balance. This section shall not prevent the creditor from proceeding as he might have done if it had not been enacted.

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If, at any sale by an officer, the purchaser does not comply with the terms of sale, the officer may sell the property, either forthwith or under a new advertisement, or return that the property was not sold for want of bidders. If, on a resale, the property be sold for less than it sold for before, the first purchaser shall be liable for the difference to the creditor, so far as is required to satisfy him, and to the debtor for the balance. This section shall not prevent the creditor from proceeding as he might have done if it had not been enacted.