Virginia is a non-judicial foreclosure state. A trustee's sale under a deed of trust can complete in roughly 60 days after the required advertising — among the fastest processes in the country. There is no statutory post-sale right of redemption after a non-judicial trustee's sale. Because a lender absorbs carrying cost and risk for that entire period, a cash note sale today often beats carrying the credit through foreclosure.
Virginia foreclosures are non-judicial: the deed of trust names a trustee who, after default, advertises the sale per the instrument and Virginia statute and then conducts a trustee's sale. The speed and certainty limit carry — but the lender still bears price and ownership risk through any hold. (Standing Bid Capital is based in the DC–Maryland–Virginia market and actively reviews Virginia credits.)
Compare the foreclosure path to a cash sale with the loan-sale-vs-foreclosure calculator, using the timeline above.
A note sale transfers the loan to a buyer for cash, removing the timeline, the legal cost, and the risk of ending up as the owner of the property. Standing Bid Capital is a direct principal buyer of CRE loans, discounted payoffs, and REO — $250K–$25M, all-cash, no re-trade, confidential. Request a confidential review.
A trustee's sale under a deed of trust can complete in roughly 60 days after the required advertising — among the fastest processes in the country. Timelines vary with the property, court or trustee schedule, and any borrower defenses; confirm with local counsel.
Yes — a note can be sold at any stage; the buyer steps into the lender's position and continues or resolves the process. Send the current legal status with the loan tape.
Standing Bid Capital buys nationwide, directly and all-cash, $250K–$25M. Request a confidential review.