Real Estate – Foreclosure Sale – Trustee Commission 
By Deborah Elkins
Published: January 4, 2010
Tags: Judge R. Bruce Long, Middlesex County Circuit Court, Real Estate
Petitioner’s objection to the commission taken by the trustee in the amount of $16,150 is sustained by a Middlesex County Circuit Court and the trustee is hereby allowed a commission of $10,100 and is ordered to make a check payable to petitioner and her attorney in the sum of $6,050. Petitioner objects to the corporate [...]
Commission for trustee’s foreclosure cut by judge
By Peter Vieth
Published: December 28, 2009
Tags: Judge R. Bruce Long, Middlesex County Circuit Court, Real Estate
A decision by a Middlesex County judge highlights an open question in the business of foreclosure in Virginia: How much can a foreclosure trustee charge as a commission? For 11 years, the law has required only a “reasonable commission” for handling the sale of foreclosed properties. In practice, apparently, fees in the neighborhood of 5 [...]
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