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Home / Opinion Digests / Real Estate – Foreclosure Sale – Trustee Commission (access required)

Real Estate – Foreclosure Sale – Trustee Commission (access required)

In this 2007 decision on a matter of first impression, a Virginia Beach Circuit Court rejects a trustee’s 5 percent commission of $20,450 for sale of a property at foreclosure, and instead authorizes a “reasonable” fee of $9,180. Wells Fargo Bank held a deed of trust on a property located at 401 Princess Anne Road, Virginia ...