Legal Question in Personal Injury in Virginia

We are under a written contract with the property owner to purchase this property within 3 years, we paid a down payment and monthly mortgage. so far we have invested over 17,000 in 9 months. we just recived a certified letter the propertey has been forclosed on. what is our recourse both civil and criminal? Could this fall under an embezzlement statute?


Asked on 1/09/12, 9:38 am

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Probably, neither (civil nor criminal) since if you were purchasing under what's

known as a contract for deed, ownership of this property would've remained with the seller until you had made the very last payment due under the contract, and

if a foreclosure action occurred in the meantime against the owner, that would

merely be an unfortunate intervening event with respect to your status in the matter.

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Answered on 1/09/12, 10:24 am


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