Squaters rights in VA in relation to foreclosed, vacant property.
Question Details: With a growing number of vacant foreclosed properties and many of which have no one claiming ownership, can someone take up residence and claim rigts to the proeprty? Does Virginia have squatters rights?
Answered 7 years ago|
What you are referring here is to something in the law known as "Adverse Possession". There are several requirements including a time requirement. In Virginia, the duration of such possession is 15 years. Virginia Code §8.01-236.
Within that time, the lender will have certainly sold off any of its foreclosed properties - even in this market.
The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you go to AttorneyPages.com
and retain an attorney to represent you.