Resale in case of default

Va. Code Ann. § 55.1-2425
in effect
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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 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/55.1-2425/Fetched: 10/16/2026

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