Foreclosure is the process by which a lender ends a borrower’s interest in real property, either to acquire title or cause a sale, to satisfy an unpaid debt secured by the realty. In Virginia, lenders may pursue either judicial or non-judicial means of foreclosure. Judicial foreclosures operate through the court system, while non-judicial foreclosures occur outside of the court system under the terms of a contract. As a practical matter, the great majority of Virginia foreclosures are non-judicial.

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