1.24 Default
| Library | Real Estate Transactions in Virginia (Virginia CLE) (2019 Ed.) |
1.24 DEFAULT
1.2401 Purchase by Settlement Attorney upon Default by Purchaser. After default by the buyer preventing settlement of the transaction and upon threats of foreclosure by the seller's lender, the settlement attorney may, upon disclosure and consent complying with Rule 1.8(a), purchase the property from the seller. 270
1.2402 Representing One or More Parties in Dispute Arising Before or After Settlement. The law firm that prepared the seller's deed may defend an action against the seller involving the deed, even though a member of the firm may be called as a witness, unless and until that lawyer's...
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