Virginia Decodedhttps://vacode.org6369555.1-2425Resale in case of default2025Property and ConveyancesMiscellaneousEscheats

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.

Code 1919, § 508; Code 1950, § 55-187; 1990, c. 938; 2019, c. 712.